Meta partners with Blue Owl Capital on $27 billion AI data center project

1. Meta and Blue Owl Capital form a $27 billion joint venture for a new data center. 2. Meta retains 20% stake, providing speed for future AI ambitions. 3. The Hyperion center will be built in Louisiana and is set for 2030 completion. 4. Local utility highlights the center's potential massive electricity consumption. 5. Competitors like Google and OpenAI are also investing heavily in data infrastructure.