Meta seeks up to $95 billion in equity to fund AI expansion
Meta announced plans to raise as much as $95 billion through equity offerings, aiming to finance its large-scale artificial-intelligence projects.
In a recent filing, Meta disclosed that it has already launched roughly $35 billion of equity sales and intends to add up to $60 billion via an at-the-market program of nonvoting Class C shares. The $35 billion tranche includes $22.5 billion of Class A stock and about $12.5 billion of mandatory-convertible preferred shares. The capital will support the company’s extensive AI infrastructure and consumer AI products, reflecting Mark Zuckerberg’s vision of a "personal superintelligence." The move underscores Meta’s aggressive push into AI development.
Why it matters
The funding could reshape Meta’s AI strategy and influence the broader tech market.
How this story developed
- Oct 16 Meta's updated terms let it scrape publisher sites for free AI training
- Oct 21 A New Mexico judge awarded the state $25 billion after a jury found Meta misled users about a massive data breach.
- Oct 22 Meta announced it will appeal the New Mexico judgment.
- Oct 24 Meta stripped explicit references to AI training from the draft commercial terms.
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