Facebook-parent Meta’s AI ambitions get $29 billion boost from PIMCO and Blue Owl

Meta has reportedly secured $29 billion in funding to expand its data centre footprint in Louisiana as the Mark Zuckerberg-led company continues to invest in AI infrastructure. The financing package is being led by investment firm PIMCO and alternative asset manager Blue Owl Capital.

Citing a person familiar with the deal, news agency Reuters reported that PIMCO will manage roughly $26 billion of the debt, likely through the issuance of bonds. Blue Owl will contribute the remaining $3 billion in equity. Bloomberg News was the first to report on the deal.