Facebook-parent Meta’s AI ambitions get $29 billion boost from PIMCO and Blue Owl

Meta has obtained $29 billion for data centre expansion in Louisiana. PIMCO and Blue Owl Capital are leading the funding. Meta is partnering to finance AI infrastructure investments. Mark Zuckerberg plans massive AI data centre construction. The company aims to attract top AI engineers. Meta anticipates being the first to launch a 1-gigawatt-plus supercluster.