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The Nexus
BUSINESSJul 28 · 13:40 UTCQUARTZCris Tolomia

Meta and BlackRock are forming a $14 billion joint venture to build a Texas AI data center

Meta and BlackRock are forming a $14 billion joint venture to construct an AI data center in Texas. BlackRock-managed funds will hold 80% ownership, while Meta retains 20% and leases the entire campus.

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