What Is an AI Data Center SPV — and Why Are Tech Giants Using Them?
Meta just handed BlackRock 80% of a $14 billion AI data center. Here's what a special-purpose vehicle is, and why it's become the go-to way to finance the AI buildout.
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Every AI News story tagged with both Artificial Intelligence and BlackRock — the two topics side by side, updated as new articles publish.
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Meta Hands BlackRock 80% Stake in New $14B AI Data Center
Meta and BlackRock formed a joint venture to build a 1-gigawatt AI data center in El Paso, Texas, shifting most of the roughly $14 billion project off Meta's balance sheet.
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