Meta Platforms has kicked off public offerings nearly reaching $35 billion as part of its ambitious AI expansion strategy. The tech giant also plans to roll out a significant share sale program,...
Meta is seeking more cash as it spends heavily on AI infrastructure, data centers, and computing power as it develops consumer AI products.
Meta Platforms plans to raise up to USD95 billion ($135 billion) in equity to fund further development of its AI products and infrastructure.
About $60 billion will come in the form of new, nonvoting shares that the company created last week.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.