Meta sells first euro bonds, raising €9 billion to fund AI infrastructure investment
Meta Platforms Inc.’s freshly-minted euro bonds are being quoted above face value after a sale that drew record investor orders for a corporate bond in Europe.
Meta Platforms has initiated a significant bond sale, marking its first offering of euro-denominated bonds aimed at financing its investments in AI and infrastructure development. In addition, the...
The tech giant's offering adds to a wave of fundraising as companies raise fresh capital to finance AI data centers, computing capacity and cloud expansion, despite traditionally relying on...
Tech stocks have sagged as investors grow concerned over their ballooning debt piles at a time of rising interest rates.
Developing AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing specialised chips and servers, expanding cloud...
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