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Meta's AI Bet Costs Billions | Durham News
Meta’s AI ambitions are costing billions—$14 billion for a new data center, funded via BlackRock bonds at mortgage-like rates. Stock tumbled 8% post-earnings, down sharply since July, as capital spending hits $130–145 billion this year. Debt surged 42% in a year, with $55B raised since October. The AI race is straining tech giants: Microsoft rebounded big, Alphabet and Musk’s firms feel the squeeze. Meta’s using shell entities like Sopaipilla Investor to hide debt—a high-stakes gamble with billions on the line. Listen in comfort:Get a discount on a Soli Pillow…
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