Meta Platforms is moving forward with plans to secure outside partners to help fund the infrastructure needed for artificial intelligence, announcing intentions to sell $2 billion in data center assets. This strategy reflects a trend among tech giants to seek financial support due to the high costs of AI-related infrastructure.

The company is considering collaborations with financial partners to co-develop data centers to help finance its capital expenditure for the upcoming year. While Meta still plans to fund most of its spending internally, external financing could provide more flexibility for shifting infrastructure needs over time.

Meta disclosed plans to dispose of certain data center assets worth $2.04 billion, earmarking them for a third party for potential co-development of data centers. This move is part of Meta’s broader strategy to seek external funding for its AI infrastructure projects.

CEO Mark Zuckerberg outlined plans to invest heavily in constructing AI data center “superclusters,” comparing their size to a significant portion of Manhattan. Meta raised its annual capital expenditures forecast by $2 billion, citing stronger ad sales driven by AI improvements.

Meta did not comment on the news. The company’s quarterly filing revealed a plan to dispose of data center assets, signaling progress in securing external partners for infrastructure development. Total held-for-sale assets as of June 30 amounted to $3.26 billion, with no recorded losses on the reclassification.

Read more at Yahoo Finance: Meta to share AI infrastructure costs via $2 billion asset sale