Meta to share AI infrastructure costs via $2 billion asset sale

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Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center assets as part of that strategy.

The strategy reflects a broader shift among tech giants – long known for self-funding growth – as they grapple with the soaring cost of building and powering data centers to support generative AI.

The social media giant said earlier this week that it was exploring ways to work with…



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Meta to share AI infrastructure costs via $2 billion asset sale



Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center assets as part of that strategy.

The strategy reflects a broader shift among tech giants – long known for self-funding growth – as they grapple with the soaring cost of building and powering data centers to support generative AI.

The social media giant said earlier this week that it was exploring ways to work with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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