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Meta Reports $279 Billion in Future Data Center Leases for AI

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Meta Reports $279 Billion in Future Data Center Leases for AI Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers that are not yet reflected on its balance sheet. Total commitments for leases that have not yet commenced were $279 billion as of the quarter ended June 30, Meta said Thursday in a regulatory filing. That’s up 53% from $183 billion in the prior period as the pace of investment accelerates.

Meta Reports $279 Billion in Future Data Center Leases for AI Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers that are not yet reflected on its balance sheet. Total commitments for leases that have not yet commenced were $279 billion as of the quarter ended June 30, Meta said Thursday in a regulatory filing. That’s up 53% from $183 billion in the prior period as the pace of investment accelerates.
Meta (ORG) Future Data Center Leases for AI Meta (ORG) Future Data Center Leases for (ORG) AI Meta Platforms Inc. (ORG)
Originally published by Bloomberg Technology Read original →