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Meta taps ex‑Goldman exec for $600bn AI financing drive

Financial Times Companies •
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Meta has tapped former Goldman Sachs partner Dina Powell McCormick to spearhead a financing push for its major $600 billion AI‑driven infrastructure agenda. Powell McCormick, who left the investment bank in 2022, will lead a new venture capital arm that aims to bridge Wall Street capital with Silicon Valley’s AI projects. The strategic move signals Meta’s shift from pure tech funding to large‑scale debt markets.

Investors have long shied away from the massive capex required to train next‑generation models, fearing uncertain returns. By borrowing against future ad revenue, Meta hopes to lock in financing at rates cheaper than the venture market. If successful, the strategy could unlock trillions of dollars for the broader AI ecosystem, reshaping how tech firms raise growth capital.

Wall Street firms are already lining up to underwrite the debt, attracted by Meta’s cash‑flow stability and its plan to monetize AI tools across its family of apps. Critics warn that leveraging ad‑driven income for infrastructure could strain margins if user growth stalls. Nonetheless, Powell McCormick’s appointment marks the first concerted effort to marry Silicon Valley ambition with traditional financing structures.