Meta announces $95 billion stock offering to fund AI expansion
The Facebook parent will start with $35 billion in stock sales as it expands data centers, computing capacity and AI products.
- On Monday, Meta Platforms launched public offerings of about $35 billion in common stock and convertible preferred stock to finance its costly AI expansion.
- The company plans to raise a total of $95 billion to support investments in AI infrastructure and compete with rival AI heavyweights OpenAI and Anthropic.
- Chipmakers Nvidia, AMD, and Broadcom will act as cornerstone investors, expressing interest in purchasing up to $5 billion of Meta's Class A common stock.
- Meta reported a 26% revenue jump last week, though shares tumbled 7% on Thursday after the company warned it needs "hundreds of billions of dollars" for AI.
- Capital spending of up to $145 billion is projected for this year, as the company funds "emerging AI opportunities" across its family of apps including Instagram and WhatsApp.
40 Articles
40 Articles
Meta Platforms would raise up to $95 billion in capital to finance its artificial intelligence infrastructure, the company announced on Monday.
Meta intends to sell shares worth $95 billion to finance its investments in artificial intelligence, in what is one of the biggest stock offerings ever. (ANSA)
The Facebook mother is to contribute up to 60 billion dollars to new shares without voting rights in addition to AI investments. Three well-known chip manufacturers are interested in new meta shares.
BT
New share sale is to help Facebook's owner, Meta, finance increasing expenses for artificial intelligence.
Meta, the owner of Facebook, Instagram and WhatsApp, is seeking to capture up to $95 billion with the sale of ordinary and preferential shares, resorting to investors to get support in the race for leadership in the development of artificial intelligence (AI). Elections 2026: After Lula's victory, Brazilian shares plummet abroad, with a fall of up to 27% IA bet: Target raises investment forecast and announces new class of shares without voting r…
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