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Meta partners with BlackRock: Here's what you need to know
CNBC Television· 2026-07-28 16:05
Back. Meta announcing a new deal with Black Rockck to build an AI data center. Our Julia Borston joins us with more on that.Morning, Julia. >> Morning, Carl. Well, Meta and Black Rockck's new deal to develop and own a 14 billion dollar data center in El Paso, Texas, illustrates Meta's strategy to build out AI infrastructure and share the costs.The data center will provide 1 gaw watt of compute capacity starting in 2028. And Meta will lease the entire campus without bearing the majority of the cost and the d ...