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Results for "El Paso, Texas"

7 stories found

Meta Secures $13 Billion Financing for El Paso AI Data Center
TechnologyReutersbloombergcnbc+9helsingin-sanomatruvglobe-and-mailhvgYahoochannel-news-asiaseeking-alphaadvisor-perspectives+1 more2d ago12 sources

Meta Secures $13 Billion Financing for El Paso AI Data Center

Meta has reportedly tapped Morgan Stanley and JPMorgan to arrange $13 billion in financing for a new AI data center project in El Paso, Texas. This deal involves raising funds through a special purpose vehicle.

Meta Boosts Texas AI Data Center Investment to $10 Billion
TechnologyReuterscnbcder-standard+3indian-expresschannel-news-asiaseeking-alpha1mo ago6 sources

Meta Boosts Texas AI Data Center Investment to $10 Billion

Meta is significantly increasing its investment in an AI data center in El Paso, Texas, from $1.5 billion to $10 billion, as the company ramps up spending on AI infrastructure to support its AI initiatives.