Meta AI Data Center Asset Sale and Co-Development

planned

Meta Platforms plans to offload $2 billion in data center assets as part of a strategy to share the massive infrastructure costs needed to power artificial intelligence. The company approved a plan in June to dispose of certain data center assets and reclassified $2.04 billion worth of land and construction-in-progress as held-for-sale, expected to be contributed to a third party within the next twelve months for co-developing data centers. This move is part of Meta's broader effort to work with financial partners to co-develop data centers and finance its capital outlay for AI infrastructure.