Companies
Meta plans $95 billion stock offering to fund AI expansion
Meta plans to raise $95 billion via stock offerings for AI infrastructure and superintelligence, CNBC reported.
CNBC reported that the tech giant will initially raise $35 billion in underwritten public equity offerings. It then plans to raise an additional $60 billion through an at-the-market program.
Meta’s stock was up 1.6% in premarket trading after the announcement, CNBC reported.