Meta Platforms has announced a $27 billion financing agreement with Blue Owl Capital to build its largest data center globally in Richland Parish, Louisiana. Named “Hyperion,” the facility is designed to provide over 2 gigawatts of compute power, supporting AI workloads such as large language model training for tools like ChatGPT and Google Gemini.
The deal is Meta’s largest private capital arrangement to date. Under the agreement, Meta will retain roughly 20% equity in the project, while Blue Owl Capital manages the majority through its funds. Blue Owl has contributed $7 billion in cash to the joint venture, with Meta receiving a one-time payout of approximately $3 billion. The project is expected to generate over 500 jobs once completed, further strengthening the local economy.
Hyperion reflects a broader trend of massive AI infrastructure investments by major tech firms. Morgan Stanley estimates that global spending on AI infrastructure could reach $400 billion in 2025, with companies like Alphabet, Amazon, Microsoft, and OpenAI securing gigawatts of computing capacity. This surge highlights the growing race to power AI technologies efficiently and at scale.
Meta CFO Susan Li described the agreement as “a bold step forward,” emphasizing its strategic significance for the company’s AI initiatives. The financing structure enables Meta to limit its capital outlay while expanding AI capabilities, allowing the company to allocate resources to additional infrastructure projects.
The Hyperion data center is expected to be operational by mid-next year, with an initial four-year lease and an extension option. This move positions Meta as a key player in the AI arms race and underscores its commitment to advancing cutting-edge AI technologies.
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