tech

Jon Keegan10/17/25

Meta strikes $30 billion deal with Blue Owl to finance Hyperion data center

Meta’s Hyperion mega data center site in Richland Parish, Louisiana, is currently under construction. The city-sized development will be the home to one of the largest data centers in the world, housing around 2 million pricey GPUs, and will scale up to an eventual 5.5 gigawatts.

So, how is Meta planning to pay for this expensive project?

Bloomberg reports that Meta has signed a deal with asset management company Blue Owl Capital to finance $30 billion to pay for the project, marking what could be the largest private capital deal ever.

According to the report, Blue Owl and Meta would co-own the site, with Meta retaining a 20% stake in the project. PIMCO is also part of the financing for the deal, as the anchor lender.

Raising the massive capital to fund all of these huge AI data center projects is pushing companies to use unusual financing arrangements. The Information reported that xAI made such a deal with Valor Equity Partners worth $20 billion to rent the GPUs needed for its Colossus 2 data center.

Blue Owl Seals Largest Private Capital Deal for Meta’s AI Growth

Blue Owl Seals Largest Private Capital Deal for Meta’s AI Growth

Bloomberg reports that Meta has signed a deal with asset management company Blue Owl Capital to finance $30 billion to pay for the project, marking what could be the largest private capital deal ever.

According to the report, Blue Owl and Meta would co-own the site, with Meta retaining a 20% stake in the project. PIMCO is also part of the financing for the deal, as the anchor lender.

Raising the massive capital to fund all of these huge AI data center projects is pushing companies to use unusual financing arrangements. The Information reported that xAI made such a deal with Valor Equity Partners worth $20 billion to rent the GPUs needed for its Colossus 2 data center.

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Report: OpenAI and Nvidia in talks to team up for 10-gigawatt data center in Ohio

Fresh off scaling back ambitious plans for its Stargate data centers, OpenAI may be moving forward with a new plan: a 10-gigawatt data center in Ohio powered and backed by Nvidia.

According to a report by The Information, the new data center, built on federal land, would dwarf the largest data centers being built today in terms of computing power.

The facility would cost about $500 billion to build, and OpenAI would would own the equipment and be on the hook for 20 years of lease payments, which Nvidia would provide a backstop for, per the report.

If this sounds familiar, Nvidia and OpenAI did announce a similar deal back in September. Nvidia said it would invest as much as $100 billion in what CEO Jensen Huang called “the biggest AI infrastructure project in history,” which never came to fruition (though Nvidia did invest $30 billion in OpenAI). Per the report, this potential deal is a new plan.

OpenAI’s Stargate partner SoftBank is part of the plan as well. SoftBank’s SB Energy is providing financing for the project, and broke ground on the facility in March. The land on which the data center would be built is owned by the Department of Energy.

OpenAI in Talks to Lease 10 Gigawatt Ohio Data Center with Backing From Nvidia

OpenAI in Talks to Lease 10 Gigawatt Ohio Data Center with Backing From Nvidia

The facility would cost about $500 billion to build, and OpenAI would would own the equipment and be on the hook for 20 years of lease payments, which Nvidia would provide a backstop for, per the report.

If this sounds familiar, Nvidia and OpenAI did announce a similar deal back in September. Nvidia said it would invest as much as $100 billion in what CEO Jensen Huang called “the biggest AI infrastructure project in history,” which never came to fruition (though Nvidia did invest $30 billion in OpenAI). Per the report, this potential deal is a new plan.

OpenAI’s Stargate partner SoftBank is part of the plan as well. SoftBank’s SB Energy is providing financing for the project, and broke ground on the facility in March. The land on which the data center would be built is owned by the Department of Energy.

A robotics system is demonstrated during LogiMAT 2026, highlighting advances in warehouse automation. (Photo by Leonardo Gerzon/NurPhoto via Getty Images)

The robots are coming... to help small businesses, actually

Labor shortages, not bots, are the bane of so-called blue-collar businesses.

Patrick Sisson3h

tech

Amazon just secured a massive $17.5 billion line of credit

Amazon has landed a $17.5 billion line of credit arranged by Citibank, according to a new SEC filing.

While the filing says the money is for “general corporate purposes,” the company is clearly on a global borrowing spree to fund its massive AI infrastructure investments, with $200 billion in planned capex this year. For perspective, that budget is larger than the entire GDP of most countries. This giant credit line comes shortly after Amazon shattered the record for issuance in Canada’s “maple bond” market.

The spending is so aggressive that credit rating agency S&P recently warned Amazon’s “leverage will increase substantially” and it will likely report negative free operating cash flow over the next two years to support the data center build-out. Yet, Amazon is rushing to borrow anyway, hoping to service a massive $364 billion cloud backlog.

I didn’t make this up: Tesla currently has authorization for 69 unsupervised Robotaxis in Texas, according to the state’s database. That’s up from 42 — perhaps a reference to 420 — last month. While that represents growth, it’s far from the scale that CEO Elon Musk had promised.

And having permission to be on the road doesn’t mean the vehicles are actually in service.

The number of unsupervised Robotaxis has actually declined recently, despite the company’s highly publicized expansion, according to data from Robotaxi Tracker. The site has tracked 32 active unsupervised Tesla Robotaxis in the last month and just 23 in the last week.

Tesla and Musk, who once threatened to take the company private at $420, have long been fans of sophomoric numerology. You can’t actually tip in the Robotaxi app, but as a joke the company suggests tips of $0.69 or $4.20 — and if you tap them, it brings up a “just kidding” graphic.

BYD says EVs may soon take 80% of China’s new car market, as national adoption roars

The country sold six of every 10 EVs bought worldwide in 2025.

Electric car concept running on the road.

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