Apollo Global Management is currently in negotiations with Meta to spearhead a funding round of approximately $35 billion. This substantial investment will bolster Meta's efforts to build data centers across the United States. In line with this ambitious initiative, Meta intends to allocate $65 billion towards AI projects this year, encompassing the development of large-scale data centers and the expansion of its AI teams. Concurrently, Microsoft has announced plans to invest $80 billion in data center construction during this fiscal year, addressing the pressing need for robust AI infrastructure.
