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08.08.25 - 21:12
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Meta Picks Pimco, Blue Owl for $29B Data Center Deal (Bloomberg)
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Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the race for artificial intelligence infrastructure heats up, according to people with knowledge of the matter. Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity, said the people, who asked not to be identified because the discussions are private. The debt portion is likely to be issued in the form of investment-grade bonds backed by the data center's assets, they said. Mark Mahaney, senior managing director and head of internet research at Evercore ISI says Meta is reaccelerating their revenue growth using AI. (Source: Bloomberg)...
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08.08.25 - 20:06
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Surprise Tariff Hits Gold | Open Interest 8/8/2025 (Bloomberg)
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Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Gold futures jump after the US confirmed tariffs on imports of gold bars, which is a major export of Switzerland. Meta announced partnerships with Pimco and Blue Owl for financing its $29B data centers, raging on an aggressive race for physical AI infrastructure. Michael Saylor, Executive Chairman of Strategy, says Bitcoin is digital gold, and the tariff on gold will only accelerate the migration to digital gold. DigitalBridge CEO joins Open Interest to discuss the demand for data centers. (Source: Bloomberg)...
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