Meta Plans Multi-Billion-Dollar Share Sale to Expand AI Infrastructure

Tech giant Meta is launching a stock offering to finance its artificial intelligence expansion, with reports diverging on whether the target is $35 billion or $95 billion.

Meta is advancing a large-scale stock offering aimed at financing the expansion of the company's artificial intelligence infrastructure.

According to reports by CNBC and the Financial Times, the company plans to raise a total of $95 billion to invest in AI infrastructure and superintelligence development. However, the Reuters news agency reported that the offering stands at $35 billion.

According to the Financial Times, leading chipmakers Nvidia, AMD, and Broadcom will participate in the move as cornerstone investors. Further details regarding the offering have not yet been released.