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Meta and BlackRock are forming a $14 billion joint venture to build a Texas AI data center

Cris Tolomia
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Meta and BlackRock are collaborating on a $14 billion joint venture to construct a massive AI data center in Texas. BlackRock will hold an 80% stake in the project, while Meta will retain 20% and serve as the primary tenant.

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BlackRock-managed funds will own 80% of the venture, with Meta retaining 20% and leasing back the entire campus

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