None
IT
Meta incurs Wall Street's short termist wrath as CapEx soars and cash flow crashes 91% to fund AI expansion, but Zuckerberg holds the line
[]
diginomica
That last remark appears to refer to the news that Meta is set to rent AI computing power to rival Anthropic in a $10 billion deal.
Second, we're continuing to improve our data infrastructure to allow our models to train on more data and leverage that data more effectively.
In funding these infrastructure investments, the strength of our balance sheet gives us the ability to attract capital from a wide range of markets to supplement the cash flow generated by our business.
BlackRock will own 80% of the venture, while Meta will own the remaining 20% and lease the entire campus, which will have 1 gigawatt of compute capacity.
The companies expect to begin bringing the compute capacity online in 2028.