Meta (META.US) splashes out $29 billion to expand AI data center, Pimco and Blue Owl lead massive fundraising effort.

According to the Wise Finance APP, informed sources revealed that as the competition in artificial intelligence infrastructure is heating up, Meta (META.US) has selected Pacific Investment Management Company (Pimco) and Blue Owl Capital Inc. to lead the $29 billion financing for its data center expansion project in rural areas of Louisiana.