Meta Seeks $29B for U.S. AI Data Centers: FT Report

Meta Platforms is reportedly seeking $29 billion from private capital firms to fund the development of artificial intelligence data centers across the United States, according to a report by the Financial Times. The move highlights Meta’s aggressive push to expand its AI infrastructure as it competes with other tech giants like Google, Amazon, and Microsoft in the race to dominate artificial intelligence.

The reported financing effort would be one of the largest private capital raises for infrastructure in the tech industry. Meta plans to use the funds to build next-generation data centers designed specifically to support the intensive computing power required by AI models and applications.

Meta has been rapidly scaling its AI capabilities, including developing its own large language models and integrating AI features across its platforms like Facebook, Instagram, and WhatsApp. These infrastructure investments are critical to maintaining the computing capacity needed to power Meta’s long-term AI ambitions.

The company is said to be in talks with several private equity firms and infrastructure investors, exploring a structure where outside firms would fund and possibly own portions of the data centers while Meta leases and operates them. This would allow Meta to scale its AI infrastructure without burdening its balance sheet with the full cost.

If successful, the initiative could reshape how big tech companies finance infrastructure in the AI era, moving toward more partnership-driven and capital-light models to accelerate growth while managing risk. Meta has not publicly commented on the reported funding discussions.