Meta and BlackRock have formed a $14bn joint venture to build an AI data centre in El Paso, Texas, with BlackRock funds owning 80% and Meta owning 20%. Meta will remain the sole tenant and constructio…
Bank of New York Mellon (BNY) CFO Dermot McDonogh told Fortune that the bank does not track AI token consumption as a metric, calling token costs “modest within modest” relative to broader engineering…
Meta will report Q2 earnings after the bell Wednesday as Wall Street scrutinizes CEO Mark Zuckerberg's capital expenditure plans, with the company on track to spend upwards of $145 billion this year, …
BlackRock has taken an 80% stake in Meta's gigawatt-scale AI data center campus in El Paso, Texas, through a joint venture announced July 28, 2026, with Meta retaining 20% and leasing the campus back …
Meta and BlackRock announced a venture to develop and own a 1-gigawatt data center campus in El Paso, Texas, representing a $10 billion investment from Meta that will create over 4,000 construction jo…
BlackRock raised US$12.5 billion in debt for a Meta Platforms data centre project in Texas, with the 2048 note pricing at a yield premium of 2.875 percentage points over 10-year Treasury yields. The d…
Nvidia will buy a 4.5 percent stake in Naver for $1 billion, becoming its third-largest shareholder, as part of a $10 billion AI infrastructure package with Brookfield. The remaining $9 billion is sti…
Nvidia will acquire a 4.5% stake in Naver through a $1 billion strategic investment, the companies announced Monday. Naver will issue about 7.24 million new shares at 204,500 won ($140) each, with pay…
BlackRock has seen weaker-than-usual demand for a US$12.3 billion corporate bond sale tied to a Meta Platforms data centre project in Texas, with final demand reaching US$20 billion, or about 1.6 time…
BlackRock is attempting to raise more than $12 billion in bonds to build a 1-gigawatt AI data center campus in El Paso, Texas, with Meta Platforms holding a 20% equity stake and leasing capacity. Bond…
BlackRock is raising $12.3 billion in bonds through Project Sopaipilla Holdings to build a 1-gigawatt data center campus in El Paso, Texas, with Meta as the anchor tenant. JPMorgan Chase and Morgan St…
George Sivulka, the 27-year-old Stanford grad who founded AI enterprise startup Hebbia, argues that companies raced to deploy AI workforces without building management infrastructure, warning that 'yo…
AlphaSMO released a free public API, CLI, and MCP server that cleans and normalizes SEC EDGAR 13F and Form 4 insider-trading data, solving the problem of near-duplicate institution names. The tool pro…
Bond investors are demanding significantly higher yields on a new BlackRock-led financing deal compared to a similar arrangement nine months ago, reflecting increasing perceptions of risk associated w…
Meta and BlackRock are raising more than $12 billion in bonds through a joint venture called Project Sopaipilla Holdings to finance a 1-gigawatt Meta data center campus in El Paso, Texas, with JPMorga…
Meta faces higher borrowing costs in its latest $12bn data centre financing, a BlackRock-led deal that meets investor anxiety over rising AI exposure.…
BlackRock is raising at least $12 billion through a bond sale to build a Meta data centre in El Paso, Texas, with BlackRock owning 80% of the project and Meta owning 20%, allowing Meta to keep the cos…
Google, Ford, BlackRock, and Carhartt have formed the Alliance for America's Skilled Trades to address a projected 2.1 million unfilled skilled-trade jobs by 2030, including 130,000 electrical workers…
BlackRock International CIO of Fundamental Equities Helen Jewell argues that effective equity diversification remains possible despite the AI trade becoming the most crowded in history, pointing to he…
Xero chief technology officer Rick Carragher has resigned and will leave the company in early August after 16 months in the role, marking the second leadership departure this month following chief peo…