Meta Wants $95 Billion Through Stock Sales to Fund AI Infrastructure
AI Summary
Meta Platforms plans to raise up to $95 billion through equity offerings. This includes $35 billion in immediate public offerings of common and convertible preferred stock and a separate programme to sell up to $60 billion in shares. The company said the financing would support investments in AI infrastructure, computing capacity and personal superintelligence as it expands its AI products and services.
Discussion
Sign in to join the discussion.
Loading comments…