Meta and BlackRock partner on El Paso AI data center
Headline from KTSM 9 News
EL PASO, Texas (KTSM) - Meta announced Tuesday, July 28, that it has entered into a financial partnership with BlackRock to develop and own a major artificial intelligence data center campus in El Paso.
KTSM 9 News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Meta stock plummeted almost 10% earlier this year—wiping $175 billion from its market cap—after the company hiked its expected capital spending for AI infrastructure.
EL PASO, Texas (KVIA) -- Tuesday, Meta announced a venture to finance the development of a data center under construction in Northeast El Paso. According to a news release, the venture involves BlackRock, an asset management company.
EL PASO, Texas (KTSM) - Meta announced Tuesday, July 28, that it has entered into a financial partnership with BlackRock to develop and own a major artificial intelligence data center campus in El Paso.
EL PASO, Texas (KVIA) – Tuesday, Meta released a statement saying they are entering a financial partnership with BlackRock for the El Paso data center. The partnership gives BlackRock 80% interest while Meta retains 20% ownership.
Related updates
Separate coverage close to this update in time and subject.
