AIBloomberg Techabout 2 hours ago
Meta Raises $95 Billion for AI
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Meta Platforms Inc. announced Monday it plans to raise $95 billion total to fund AI infrastructure. It will initially offer $35 billion in stock, followed by up to $60 billion via an at-the-market program for Class C shares. The move follows third-quarter revenue of $64.60 billion against $63.37 billion analyst expectations. Nvidia, Advanced Micro Devices, Broadcom show interest.
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