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Meta taps Morgan Stanley, JPMorgan for $13B El Paso AI data center deal: report.
Meta is arranging up to $13 billion in financing for an El Paso, Texas AI data center.
KEY POINTS
- Morgan Stanley and JPMorgan are leading the financing package for Meta's new data center.
- This project highlights Meta's increased use of debt to fund its AI infrastructure expansion.
- The El Paso data center reflects Big Tech's rising capital requirements for supporting AI growth.
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