Meta, BlackRock partner on $14 billion El Paso data center

Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.

The race to build out AI infrastructure has prompted tech giants to turn to debt sales worth tens of billions of dollars or ‌seek external capital ⁠from ⁠fund managers such as BlackRock due to an unprecedented scale of investment.