Meta seeks $29 billion from private capital firms for AI data centers, FT reports

Meta seeks $29 billion from private capital firms for AI data centers, FT reports

(Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers, the Financial Times reported on Friday.

The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco, the report said, citing people familiar with the matter.

Meta did not immediately respond to a Reuters request for comment.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Maju Samuel)