Meta and BlackRock have revealed a joint project to build and run a $14 billion (approximately ₹1.3 lakh crore) data centre located in Texas, USA. BlackRock is set to hold an 80% share in this venture, planning to fund $12.5 billion of the cost via debt. Additionally, BlackRock will provide $4.9 billion in cash, while Meta is contributing construction assets and land valued at $2.3 billion.

by shortkt.com✓

3 hours ago