The AI Infrastructure Boom: A New Era of Wall Street Financing Meta and BlackRock have partnered on a massive $14 billion artificial intelligence data center campus in El Paso, marking a significant milestone in the trend of financial institutions backing Big Tech's ambitious AI endeavors.
The 80 20 ownership split gives BlackRock managed funds control of four fifths of the project.
The sheer scale of this project – one gigawatt of power and 1,000 acres of land – puts into perspective the enormity of the task at hand.