Meta seeks $29 billion from private capital firms for AI data centers, FT reports

Major Funding Sought for Next-Gen Infrastructure

Meta Platforms is reportedly aiming to raise a staggering $29 billion from private capital firms to fund the expansion of its artificial intelligence data centers. The fundraising efforts, as detailed by the Financial Times, involve seeking $3 billion in equity and the remainder in debt, engaging with heavyweight investors such as Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco[1].

Supporting a Massive AI Buildout

Meta's ambitious capital plan is closely tied to its record-setting investment goals for 2025. The company recently increased its projected capital expenditure for the year to a range of $64 billion to $72 billion, substantially up from earlier forecasts. This sharp spike is designed to support Meta’s rapidly expanding AI infrastructure and its “expected cost of infrastructure hardware,” enabling the company to stay competitive as global demand for advanced AI systems accelerates[2].
  • Meta plans to end 2025 with approximately 1.3 million Nvidia GPUs installed in its new facilities[4].
  • The company’s upcoming data center will require more than two gigawatts of power—on par with the output of two nuclear power plants—underscoring the sheer scale of its AI ambitions[4].
  • Meta reported stronger-than-expected first quarter earnings of $16.64 billion, driven in part by surging interest in AI, with total revenue up 16% from a year ago[2].

AI-Driven Strategy and Product Expansion

CEO Mark Zuckerberg has positioned 2025 as a “defining year for AI.” The company intends to scale its AI offerings significantly, including the global rollout of Meta AI—the company’s flagship AI assistant, which is quickly approaching one billion monthly active users. Meta plans for its Llama 4 model to be a leader in advanced large language models, and has introduced developer tools like the Llama API for broader integration[2][4].

Scaling Up for Future Growth

Meta’s planned data center, described as potentially occupying “a significant part of Manhattan,” is part of a phased project. In 2025, the first gigawatt of computing power is set to come online, accelerating research and development as well as AI-driven applications across the company's platforms, including Facebook, Instagram, and WhatsApp[4].

Industry Implications

Meta’s outsized bet on AI infrastructure signals the intensifying race among technology giants to dominate the next era of artificial intelligence. As companies worldwide face growing demand for advanced computing power, Meta’s massive capital drive could set a new benchmark for infrastructure investment, influencing how the tech industry approaches AI development in the coming years[1][4].

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