Meta has secured $3 billion in financing for Project Walleye, an ambitious data center campus that represents a watershed moment in how the technology industry funds artificial intelligence infrastructure. The deal is notable not merely for its scale, but for its structural innovation: lenders are financing both construction and power supply together—a first in the sector. This integrated approach addresses a critical pain point for AI companies, which face soaring electricity demands as they scale training and deployment operations. The financing model suggests that traditional venture and corporate funding mechanisms are proving insufficient for the capital-intensive requirements of modern AI development.