Meta plans $95 billion raise for AI infrastructure
Briefing by News4U · First published
Meta will raise $95 billion via stock sales to fund AI infrastructure and superintelligence projects.
Sina Finance reported that Meta plans to raise a total of $95 billion to support investments in artificial intelligence infrastructure and superintelligence. [1]
The company will first raise $35 billion through an underwritten public offering, followed by $60 billion via an at-the-market equity program. Nvidia, Advanced Micro Devices and Broadcom intend to purchase up to $5 billion of the shares. [1]
Meta's third-quarter revenue rose 26 percent to $64.6 billion, beating analyst estimates, but investors focused on negative free cash flow and an increased full-year capital-expenditure forecast of $135-145 billion. [1]
Sources
- Meta拟募资950亿美元 加码AI基础设施与超级智能
Sina Finance · · Full text