Meta's planned AI data center in Richland Parish, Louisiana, is projected to cost $50 billion, as stated by former President Donald Trump during a cabinet meeting. This facility is expected to provide significant computational power for supporting various digital infrastructures, particularly in artificial intelligence. Meta has not commented on Trump's announcement.

BlackRock has become one of the largest investors in a $27 billion private-debt deal to finance the construction of Meta's new data center in Louisiana, highlighting the growing capital demands of artificial intelligence projects. The deal, organized by Morgan Stanley, marks the largest private-debt offering to date and received an A+ rating from S&P Global Ratings despite yielding rates typical of junk bonds.