Apollo Global Management In Talks To Lead $35 Billion Financing For Meta's AI Data Centers

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Apollo Global Management is negotiating to lead a $35 billion financing deal to support Meta Platforms Inc META in developing new data centers across the U.S., according to a Bloomberg report.

What To Know: The talks are still in early stages and no final agreement has been made. Meta's broader strategy includes investing up to $65 billion this year in AI-related projects, including new data centers and expanding its AI workforce.

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As demand for AI infrastructure surges, investors and banks are eager to fund projects crucial to the ecosystem. Apollo, expanding its reach in private credit, aims to provide substantial capital to Meta, which plans to boost computing power by a gigawatt in 2025.

Why It Matters to Investors: The potential deal highlights opportunities in private credit, data center financing and AI infrastructure, sectors critical for growth. As AI adoption accelerates, companies like Meta will drive significant demand for data centers, creating lucrative investment avenues.

Additionally, Apollo's involvement underscores the growing influence of private credit firms in funding major tech projects, offering investors new ways to tap into the rapidly expanding AI market.

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Photo: Mamun sheikh K via Shutterstock.com

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