Tag: Bloomberg L.P.

AppleHardwareTechnology

Apple Postpones Large-Screen Foldable iPad Launch to 2029 Due to Technical Hurdles

Apple’s highly anticipated large-screen foldable iPad faces significant delays as engineers grapple with technical challenges. The device’s launch has reportedly been pushed to 2029 due to unresolved issues with display panels and overall weight.

Major Setback for Apple’s Foldable Ambitions

Apple’s ambitious plans for a large-screen foldable iPad have encountered significant engineering obstacles, pushing the anticipated launch timeline to 2029 or later, according to reports from Bloomberg. The technology giant had originally targeted a 2028 release for what sources describe as an “18-20 inch foldable device” that would represent a new category in Apple’s product lineup.

by Mason Drayton
BusinessTechnology

Meta Secures $30 Billion Blue Owl Financing for Massive Hyperion AI Datacenter Project

Meta Platforms has reportedly secured approximately $30 billion in financing from private equity firm Blue Owl Capital for its massive Hyperion datacenter project in Louisiana. The cleverly structured deal enables the social media giant to keep significant debt off its balance sheet while expanding its AI infrastructure capabilities.

Major Financing Deal for AI Infrastructure

Meta Platforms has reportedly convinced private equity firm Blue Owl Capital to finance its massive Hyperion datacenter project in a deal valued at approximately $30 billion, according to sources familiar with the matter. The arrangement, which sources indicate was brokered by Morgan Stanley, represents one of the largest single datacenter financings during the current artificial intelligence infrastructure boom.

by Mason Drayton