Meta and BlackRock have formed a joint venture to develop a data center campus in El Paso, Texas, with BlackRock managing an 80% stake and Meta holding the remaining 20%. The partnership commits approximately $14 billion towards the construction, power, cooling, and connectivity infrastructure for the campus. Meta will lease the entire facility from the joint venture under an initial four-year agreement with multiple renewal options, ensuring long-term flexibility. AI
IMPACT This significant investment in data center infrastructure by Meta and BlackRock will support the growing demand for AI and large-scale computing.
RANK_REASON Partnership between major tech company and investment firm for significant infrastructure development. [lever_c_demoted from significant: ic=1 ai=0.7]
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