Robert Kuok’s Grandson Leads $10 Billion AI Data Center Investment; Meta in Talks with Apollo for $35 Billion Financing

Billionaire Robert Kuok’s grandson, Kuok Meng Wei, is spearheading a $10 billion investment in artificial intelligence (AI) data centers, marking a significant move into a rapidly growing sector. Concurrently, Meta Platforms is reportedly in discussions with Apollo Global Management for a $35 billion financing package aimed at developing data centers in the United States. This investment aligns with the increasing trend among technology companies to expand their AI infrastructure. Although Meta has denied a separate report suggesting a $200 billion investment in a new AI-focused data center, the company is actively pursuing substantial funding to enhance its capabilities in this area. The ongoing negotiations with Apollo underscore the competitive landscape of AI investments as firms seek to capitalize on the burgeoning demand for AI technology.