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Meta Looks To Raise $29bn For AI Expansion – FT

  • Meta Platforms aims to raise $29 billion through private capital firms for AI data centre expansion in the US.
  • Credit investors like Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco are in talks for $3bn equity and $26bn debt fundraising.
  • Meta is considering different debt structures and may seek additional capital.
  • The company is increasing AI-related investments to compete with Google and OpenAI, involving partnerships and hiring key personnel.

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