Meta To Raise $95 Billion For AI Expansion
Meta plans to raise $95 billion for AI investments, with $35 billion from public stock offerings and $60 billion from additional share sales. The company projects up to $145 billion in capital spending this year, following a recent seven percent drop in its shares. Meta plans to raise $95 billion through public stock offerings and additional share sales to fund its investments in artificial intelligence. The company plans to use $35 billion in public stock offering and $60 billion in additional share sale. This move comes as Meta projects up to $145 billion in capital spending this year to expand its AI infrastructure. The announcement follows a seven percent drop in Meta's shares after its Q3 earnings report, which saw a 26% increase in revenue and a $2.12 billion deficit in free cash flow, down from a positive $10.63 billion a year earlier. To support this, Meta has introduced a new class of nonvoting Class C stock, which will fund infrastructure, acquisitions, and employee compensation without diluting CEO Mark Zuckerberg's control. The nonvoted shares will be distributed as a dividend, effectively a two-for-one split, with trading set to begin in January 2027.
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Meta plans to raise $95 billion to fund its growing investments in artificial intelligence. The company intends to gather $35 billion through public stock offerings and another $60 billion through add... [1645 symbols]
话题: AI
