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.
Read more →BlackRockand AI Data Centers
Every AI News story tagged with both BlackRock and AI Data Centers — the two topics side by side, updated as new articles publish.
2 articles
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.
Read more →