As Silicon Valley's AI contest intensifies, CEO Mark Zuckerberg is going all-in to fast-track work on artificial general intelligence machines that can outthink humans and help create new cash flows.
The social media giant has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a $29 billion financing for its data center expansion in rural Louisiana, as per Reuters reports.
Zuckerberg in July said that Meta would spend hundreds of billions of dollars to build several massive AI data centers. The company raised the bottom end of its annual capital expenditures forecast by $2 billion, to a range of $66 billion to $72 billion last month.
