Meta has announced a landmark $27 billion financing deal with Blue Owl Capital to develop its largest-ever data center, located in Richland Parish, Louisiana, as the tech giant ramps up investment in AI infrastructure.
Under the agreement, Meta will retain a 20% stake in the facility, while funds managed by Blue Owl will hold the majority. The alternative asset manager is contributing roughly $7 billion in cash, and Meta will receive an immediate $3 billion payout from the joint venture.
Named Hyperion, the data center is expected to deliver over 2 gigawatts of compute capacity, enough to train the most advanced large language models (LLMs) powering products like ChatGPT and Google Gemini.
Blue Owl co-CEOs Doug Ostrover and Marc Lipschultz described Hyperion as “an ambitious project that captures the urgency and magnitude of AI infrastructure demand.”
Meta CFO Susan Li said the project reflects “a bold step forward” in how the company finances its next-generation computing facilities, while creating more than 500 jobs. The company’s lease includes an initial four-year term with options to extend.
Experts say the structure allows Meta to reduce capital exposure while staying competitive in the $400 billion AI infrastructure race, led by Alphabet, Amazon, Microsoft, and CoreWeave.
“It’s a way for Meta to expand without overleveraging,” said Alvin Nguyen of Forrester Research, noting that the strategy protects against “potential volatility if the AI market cools.”
With Hyperion, Meta strengthens its footprint in the global AI infrastructure ecosystem, balancing ambition with financial prudence as the industry’s demand for computing power reaches record highs.
