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Meta and BlackRock form a $14bn venture to build an El Paso AI data centre
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Meta and BlackRock have formed a joint venture to develop a $14 billion AI data center in El Paso, Texas, with BlackRock owning 80% and Meta 20%. Meta will manage construction and operations, leasing the facility to optimize financial reporting and capital expenditure. The project is expected to be operational by 2028 and uses a financing model similar to Meta's previous data center ventures.
