01:48:46 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 32,150,000
Close 2025-05-01 C$ 22.49
Market Cap C$ 723,053,500
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FP/wire say Meta, rivals hear AI needs more financing

2025-05-02 08:15 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Financial Post reports in its Friday, May 2, edition that the artificial intelligence boom is increasing demand for private credit firms, as tech companies seek financing for data centres and computing infrastructure. A Bloomberg dispatch to the Post reports that Carlyle Group predicts over $1.8-trillion (U.S.) will be needed by 2030 to support this growth. King Street Capital Management's Mark Van Zandt says, "There's a need for private credit to facilitate the infrastructure build for AI." He says public-market products like asset-backed bonds or traditional real estate debt, have financed data centre projects, but these "can't do it all." A slew of tech companies have already tapped private capital -- both private equity and debt -- to help build the physical infrastructure needed to support artificial intelligence. Meta is looking to raise billions in financing to develop data centres domestically, with Apollo Global Management and KKR & Co. as potential investors. Private lenders are exploring growth opportunities beyond traditional corporate lending, seeking higher-rated credit areas. Financing AI infrastructure is one such avenue, according to market participants.

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