Meta Platforms is in discussions to construct a new data center campus for its artificial intelligence projects, with potential costs exceeding $200 billion, The Information reported on Tuesday, citing people familiar with the matter.

Apollo Global Management Inc. is in talks to lead a roughly $35 billion financing package for Meta Platforms Inc. to help develop data centers in the US, according to people with knowledge of the matter.

Meta Platforms is in the early stages of negotiating a financing package, estimated at around $35bn, to bolster its data-centre infrastructure in the US, reported Bloomberg citing sources. This initiative is led by alternative asset manager Apollo Global Management,