Meta Platforms is reportedly seeking to raise $29 billion from private capital firms to fund the development of artificial intelligence data centres in the United States. According to sources, the company is in advanced talks with major private credit investors such as Apollo Global Management, KKR, Brookfield, Carlyle, and PIMCO.
Out of the total amount, Meta aims to raise $3 billion through equity and $26 billion through debt. The company is currently exploring different ways to structure the debt and may increase the fundraising target depending on future needs.
This major move comes as Meta deepens its focus on artificial intelligence. The tech giant has already committed $14.8 billion in investment to Scale AI, a startup focused on AI development. Earlier this year, Meta CEO Mark Zuckerberg stated that the company plans to invest up to $65 billion in 2025 to expand its AI infrastructure. The goal is to strengthen Meta’s position in the competitive AI space alongside companies like OpenAI and Google.
Meta is working with Morgan Stanley as its financial adviser for the fundraising initiative. The company is also considering structuring the debt in a way that makes it easier to trade once issued.
The race among tech companies to dominate AI technology has led to a surge in demand for advanced data centres. These facilities require massive computing power to support the training and deployment of AI models, linking thousands of high-performance chips.
Microsoft is also expected to spend around $80 billion in fiscal 2025, with a large share allocated to expanding its data centre capacity to support AI services. Meanwhile, reports earlier this year suggested that Apollo Global Management could lead a separate $35 billion financing round for Meta’s data centre development plans.
Meta and Carlyle declined to comment, and other firms mentioned have not yet responded to media queries.
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