Meta announces $95 billion stock offering to fund AI expansion
Meta said the sale will help fund data centers and cloud computing as it lifts annual capital spending to $135 billion to $145 billion.
- 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.
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135 Articles
Meta aims to raise up to 95 billion dollars through the sale of shares. This amount is to be invested in the development of artificial intelligence within the company.
Meta unveils $95bn share sale as AI spending drains cash reserves
Meta has announced plans to raise up to $95bn (£71bn) through share sales to fund its AI expansion, as soaring infrastructure costs put pressure on the Facebook owner’s cash flow. The tech giant said on Monday it would raise $35m through public equity offerings, followed by a further $60bn through a programme allowing it to [...]
Meta plans to raise a total of $95 billion to invest in artificial intelligence, data centers, and the development of so-called superintelligence. It plans to raise $35 billion through initial public offerings (IPOs), followed by another $60 billion through a share-market program.
Target plans to raise $95 billion through an initial stock offer and a future sales program to finance AI and superintelligence.The firm seeks to double its infrastructure and improve its performance on social networks, with sustained revenue growth thanks to artificial intelligence.
Nvidia, AMD and Broadcom have already expressed interest in buying shares. Meta plans to spend up to $145 billion on data centers only in 2026.
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