Meta intends to raise $ 29 billion to support major artificial intelligence ambitions, using private capital companies to finance the extension of US data centers, according to FT. The discussions between the parent company of Instagram and investors in the area of private credits have advanced, according to some sources with negotiations, and among the players involved are giants such as Apollo Global Management, KKR, Brookfield, Carlyle and Pimco. Meta hopes to attract $ 3 billion in the form of equity from these investors, followed by another $ 26 billion in the form of debt. The company still analyzes how to structure this massive financing – one of the largest private funds in history. A source added that Meta might try to attract even more capital. Through the collaboration with large fund administrators, Meta and its main rivals share the risks and costs of the huge investments necessary to obtain the calculation power needed to train AI. Meta works with her advisers from Morgan Stanley to organize this financing and analyze ways to make the debt easier once issued – a high aspect by potential investors, given the huge transaction dimension. Meta, Morgan Stanley, Apollo, Brookfield, Carlyle, Kkr and Pimco have refused to comment. Mark Zuckerberg, Meta's CEO, has significantly intensified efforts to transform the company into a «leader AI», as internal development has been delayed with competition this year. The linguistic model Llama 4 did not have the expected performance, and the launch of the main model, called «Behemoth», was postponed. Earlier this month, Meta announced an investment of $ 15 billion in Scaleai, a company specialized in data labeling. As part of the agreement, Meta employee on CEO Scale, Alexandr Wang, in a new team dedicated to the development of general artificial intelligence, called «superintelligence». Zuckerberg is personally trying to recruit AI talents. Three top researchers from Openai have announced this week that Meta was joining, and the Openai CEO, Sam Altman said in a podcast that Zuckerberg offered his engineers up to $ 100 million. In the financial report in May, Meta has increased its capital expenditure forecast for up to 10%, reaching between 64 and 72 billion dollars, invoking «additional investments in data centers» and «an increase in estimated costs for hardware infrastructure». Also this month, Meta announced that she has signed an energy purchase agreement produced by a nuclear power plant in Illinois, for a period of two decades, to support its initiatives – such a nuclear agreement of the company. He also concluded four partnerships with the renewable energy group. And other private capital companies have started to finance Openai data centers-Blue Owl has agreed to co-finance a $ 15 billion joint for the construction of a Texas data center.
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