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Meta eyes record $97.5 billion equity raise to fund AI expansion
🇵🇰 Pakistan · Technology · 9 h ago
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26.10 12:40 UTC
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Meta said chip companies Nvidia, Advanced Micro Devices and Broadcom have expressed interest in purchasing up to $5 billion of Meta's Class A common stock in the offering.
It also said it plans to launch a separate at-the-market share sale program of up to $60 billion after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027.
Meta has stepped up spending on data centres, computing capacity and AI products to compete with rival AI heavyweights OpenAI and Anthropic.
Published October 26, 2026 NEW YORK: Meta plans to raise $35 billion through a stock offering to fund the development of its artificial intelligence, according to documents released Monday by the US Securities and Exchange Commission.
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