Meta to raise $95bn to help fund AI plans

Boom! Meta has just announced plans to raise up to $95bn to help pay for its massive AI ambitions.

The company behind Facebook, Instagram and WhatsApp is kicking off a new fundraising drive to fund “its core business and emerging AI opportunities”.

The fundraising comes in two parts.

First , Meta plans to raise $35bn through new “underwritten public offerings” – a sale of company stock.

This offering has some big name backers – Nvidia , AMD and Broadcom have all shown interest in taking part, Meta says. These ‘cornerstone investors’ could buy up to $5bn of the stock on offer.

Second , Meta also plans to launch a $60bn “at-the-market offering” – in which it will sell new common stock to investors at the going market rate in future.

The Silicon Valley giant says these plans will support “Meta’s continued investment in AI infrastructure and personal superintelligence”.

It also says it is “investing with financial discipline,” saying:

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