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Meta to raise up to $95 billion in equity to fund costly AI expansion
Meta Platforms said on Monday it plans to raiseup to $95 billion in equity to fund its costly AI-related expansion of data centers, cloud computing power and other infrastructure. The company launched public offerings of about $35 billion in common stock and convertible preferred stock. 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 centers, computing capacity and AI products to compete with rival AI heavyw...
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