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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Meta and BlackRock have entered a $14 billion strategic partnership to develop a massive AI data center in Texas to support growing processing needs. Meta subsequently disclosed that its future lease obligations for AI infrastructure surged 53% in three months, reaching $279 billion. Additionally, the company expanded its AI portfolio by launching 'Muse Code,' a coding agent designed to compete with rivals Anthropic and OpenAI.