Meta has partnered with PIMCO and Blue Owl Capital to fund a $29 billion data center expansion in rural Louisiana. PIMCO will manage approximately $26 billion in debt, primarily through bonds, while Blue Owl contributes $3 billion in equity. This ambitious project is part of Meta's broader AI infrastructure strategy, with plans including a multi-gigawatt data center called Prometheus expected to launch in 2026, emphasizing the company's commitment to artificial intelligence development.