Meta shares tumbled 9% despite beating revenue estimates as investors balked at the company’s massive AI infrastructure spending plans. The social media giant faces critical questions about when its AI investments will translate to profits.
The AI revolution is creating unprecedented wealth concentration as tech billionaires see their fortunes surge by over half a trillion dollars in 2025. Oracle’s Larry Ellison leads with a $150 billion gain, while other tech titans ride the AI wave to record net worth increases.
Meta Platforms Inc. and Blue Owl Capital are finalizing a nearly $30 billion financing arrangement for a major data center project in Louisiana. The deal represents the largest private capital transaction on record and will support Meta’s aggressive AI infrastructure expansion.
Meta Platforms Inc., under the leadership of Mark Zuckerberg, is reportedly closing on a nearly $30 billion financing package for its data center development in rural Louisiana, according to sources familiar with the matter. This transaction marks what analysts suggest is the largest private capital deal ever recorded for technology infrastructure.
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