{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreigjy43w7sdqqcezukfdbmnpghxvqdbnkthqjluleuya2gguoy74ua",
    "uri": "at://did:plc:mg5ozsljpp6t5b4lvwys4t72/app.bsky.feed.post/3lsuaklo7ooe2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreicfkdqplky73fq2dhh5nced3griqerm7f3guwcqsvjpklo54puqvm"
    },
    "mimeType": "image/jpeg",
    "size": 32305
  },
  "description": "The social media giant is in talks with KKR, Brookfield, and others.",
  "path": "/meta-seeks-29b-from-private-investors-for-ai-data-centers-2/",
  "publishedAt": "2025-06-30T22:34:11.000Z",
  "site": "https://broadbandbreakfast.com",
  "tags": [
    "_Financial Times_",
    "Data Center SummitThe ‘Data Centers, Nuclear Power and Broadband Summit’ took place on March 27, 2025.Broadband BreakfastBroadband Breakfast",
    "_operates_",
    "_discussing plans_",
    "_signed a 20-year agreement_",
    "_has boomed_",
    "_triple the energy_",
    "_is crucial to winning_",
    "_have expressed concerns_"
  ],
  "textContent": "WASHINGTON, June 30, 2025 – Meta is seeking $29 billion from private investors to fund a major artificial intelligence data center project.\n\nAccording to the _Financial Times_, Meta was in talks with Apollo Global Management, Kohlberg Kravis Roberts & Co., Brookfield, Carlyle Group, Pacific Investment Management Company, and other private investors. The technology giant was working with its advisers at Morgan Stanley and sought to raise $3 billion in equity and $26 billion in debt to fund the project.\n\nIt is unclear where or when the data center would be built. **Mark Zuckerberg** , CEO of Meta, said earlier this year that the company would spend up to $65 billion in 2025 on expanding its AI infrastructure. But, at the company’s earnings call in May, Meta raised its 2025 capital expenditure forecast to as much as $72 billion, citing increased data center investment and infrastructure costs.\n\nData Center SummitThe ‘Data Centers, Nuclear Power and Broadband Summit’ took place on March 27, 2025.Broadband BreakfastBroadband Breakfast\n\nMeta’s fundraising push comes as it races to catch up with AI rivals. The company recently announced a $15 billion investment in data-labeling startup ScaleAI and hired its CEO, **Alexandr Wang** , to lead a new “superintelligence” team.\n\nMeta _operates_ 28 data centers worldwide, including 24 in the United States. In February, reports surfaced that Meta and Apollo were _discussing plans_ to raise $35 billion to build a data center.\n\nAs Meta ramps up its AI investments, it is also locking in long-term energy sources to power its data infrastructure. Earlier this month, the company _signed a 20-year agreement_ with Constellation Energy to purchase electricity from a nuclear plant in Illinois, and secured four more clean energy agreements with renewable energy developer Invenergy.\n\nConstruction of data centers _has boomed_ in recent years, with U.S.-based data centers consuming _triple the energy_ in 2023 that they did in 2014. Many have argued that the construction of these centers _is crucial to winning_ the AI race against China, though some _have expressed concerns_ over how these centers will be powered.",
  "title": "Meta Seeks $29B from Private Investors for AI Data Centers",
  "updatedAt": "2026-03-11T03:27:00.780Z"
}