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Benzinga
Benzinga
Business
Ananya Gairola

Meta Plans Data Center Asset Sale Worth Nearly $2 Billion To Fund Next Phase Of AI Development

Meta Nasdaq Mark Zuckerberg Susan Li
Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

Meta Platforms Inc. (NASDAQ:META) has decided to share the burden of its skyrocketing AI infrastructure costs by selling $2 billion in data center assets, as the company braces for capital expenditures that could exceed $100 billion in the coming years.

Meta Eyes Outside Capital For AI Infrastructure Push

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