Meta and BlackRock launch $14B Texas AI data center venture
On Tuesday, a partnership was revealed between Meta Platforms and BlackRock, aimed at creating and managing a data center campus located in El Paso, Texas. The overall expenses for this development are projected to be around $14 billion.
Key facts
- Meta and BlackRock formed a joint venture
- The venture will develop a data center campus in El Paso, Texas
- Total development costs are approximately $14 billion
- Announcement made on Tuesday
Entities
Institutions
- Meta Platforms
- BlackRock
Locations
- El Paso
- Texas
- United States
Sources
- Quartz —