BlackRock prices $12.5 billion debt deal for Meta Texas data center
What's new: Orders reached about $20 billion, but pricing did not tighten after a weeklong marketing process.
Subject
#Meta Platforms
French Senate backs social media ban for children under 15
What’s next: If the lower house signs off, new accounts would be blocked from Sept. 1 and existing ones shut by January 2027.
The New York Times, Bloomberg +7
AI firms cut token costs as buyers push for cheaper models
What's new: OpenAI, Meta and SpaceXAI rolled out models built to do more work per token as companies rein in AI bills.
Meta builds prediction market app as DraftKings, Flutter shares slip
What's new: The app, called Arena internally, is expected to use points rather than cash, though money could be added later.
Bloomberg, NPR +3
Meta, Microsoft push data center lease commitments past $850 billion
Why it matters: The long-dated obligations signal years of spending on AI chips, power and server capacity across the industry.
Meta cuts AI smart-glasses entry price to $299 with new line
What's new: The glasses are Meta's first without Ray-Ban or Oakley branding and ship with its Muse Spark AI model.
Bloomberg, CNBC +2
EU moved toward Meta charges over child-safety design on Instagram
What's next: Meta could answer the EU's preliminary findings and, if it fails to satisfy regulators, face fines of up to 6% of global annual sales.
Bloomberg, The Straits Times
Jio Platforms files India IPO for up to 270 million shares
What's new: The offering revives one of India's biggest listings after war-driven market jitters delayed major deals.
Oracle plans up to $95 billion in FY2027 AI spending, shares fall
What's new: Oracle expects to raise nearly $40 billion in debt and equity in 2027 as margins weaken during the data-center buildout.
Meta leases 168-MW AI data center from Reliance in India
What's new: The Jamnagar facility is due within two years, with expansion options and nearly 1 gigawatt of renewable power tied to Meta's India buildout.
Bloomberg, CNBC