Meta, BlackRock team up on $14 billion（約2.2兆円） El Paso data center

Meta Platforms and investment manager BlackRock announced on Tuesday the formation of a joint venture to develop and operate a data center campus in El Paso, Texas. The project is valued at about $14 billion（約2.2兆円） and represents a major commitment to AI infrastructure as Meta works to support its artificial intelligence initiatives. By bringing BlackRock into the venture, Meta gains a capital partner with deep experience in large-scale asset management, allowing the social media company to distribute the financial load of this substantial investment while maintaining operational control of the facility. The El Paso campus will serve Meta's growing computational needs as it continues to invest heavily in AI infrastructure development.

Meta is accelerating its infrastructure spending to support its artificial intelligence ambitions, and the El Paso venture signals a shift in how the company finances these massive undertakings. Rather than funding the entire $14 billion（約2.2兆円） campus alone, Meta has partnered with BlackRock, one of the world's largest investment managers, to co-develop and operate the facility. This structure allows Meta to secure the capital and expertise needed for large-scale data center deployment while sharing the financial burden. The partnership model may also reflect broader industry trends, as companies building AI infrastructure increasingly turn to institutional investors to help fund the expensive hardware and real estate required to train and deploy large AI systems.