Broadcom Announces Mainframe Software Updates and Insights

The article discusses various topics related to mainframe software, including talent planning, data migration, and hybrid environments. It highlights the importance of backups and the use of SQL in Datacom. Additionally, it mentions the new z17 and the power of the cloud in IT investment patterns. Overall, the article emphasizes the need for companies to have a solid business continuity strategy and to stay up-to-date with the latest technology advancements.

Meta Platforms has secured a $29 billion financing deal for its data center expansion in rural Louisiana, led by Pacific Investment Management Co. (PIMCO) and Blue Owl Capital. This significant investment aims to support the company's growth in data storage and cloud computing services, positioning it as one of the largest financings in the US this year.

The financing deal, reported by Bloomberg News [3] and Reuters [1], is structured with PIMCO leading a $26 billion debt portion and Blue Owl providing $3 billion of equity. The debt portion is likely to be issued in the form of investment-grade bonds backed by the data center's assets. This arrangement underscores Meta's strategy to leverage external financing to maintain flexibility in its infrastructure needs.

The move aligns with Meta's broader focus on artificial intelligence (AI) development. The company has been working with Morgan Stanley to raise funds in a competitive process, with Apollo Global Management Inc. and KKR & Co. also vying for the deal. The technology giant has been increasingly investing in AI infrastructure to support its AI models, with Chief Financial Officer Susan Li emphasizing the need for significant external financing to support large-scale data center projects [4].

The financing for Meta's Louisiana data center project is part of a broader trend in the data center industry. Globally, companies are prioritizing substantial investments in new data center facilities to meet growing demand for computing power, particularly driven by AI. Research by McKinsey & Co. estimates that data centers will require $6.7 trillion to meet global demand by 2030 [4].

Other tech giants have also been partnering with investment firms to fund AI data centers. Microsoft Corp. has teamed up with BlackRock Inc. to raise $30 billion in private equity capital, while Elon Musk's xAI Corp. raised $5 billion in the broadly syndicated debt market for its AI model build-out [4].

In addition to Meta's financing, other data center developments are underway. Amazon Web Services recently purchased a 985-acre site in Lamar County, Georgia, for $270 million, indicating potential plans for a data center development [5]. CoreWeave has acquired the Northeast Science & Technology Center (NEST) in Kenilworth, New Jersey, for $322 million, highlighting growing demand for AI-focused infrastructure [5]. Arizona-based developer Vermaland has unveiled plans for a $33 billion data center industrial park in Pinal County, aiming to position the Phoenix-Tucson corridor as a leading competitor to Northern Virginia's "Data Center Alley" [5].

The competitive landscape in the data center industry, driven by advancements in technology and infrastructure, is evolving rapidly. Companies are focusing on sustainability and operational efficiency, with innovative approaches to energy acquisition and management. The Public Utility Commission in Pennsylvania is evaluating how to manage the financial impact of increasing data center development on its electricity grid [5].

References:
[1] https://www.reuters.com/business/meta-selects-pimco-blue-owl-29-billion-data-center-financing-bloomberg-news-2025-08-08/
[2] https://www.marketscreener.com/news/meta-reportedly-picks-firms-to-lead-29-billion-financing-for-louisiana-data-center-expansion-projec-ce7c5edcd08efe27
[3] https://www.bloomberg.com/news/articles/2025-08-08/meta-picks-pimco-blue-owl-for-29-billion-data-center-financing
[4] https://finance.yahoo.com/news/meta-picks-pimco-blue-owl-100820250.html
[5] https://www.landgate.com/news/this-week-in-data-center-news-8-4-25