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Meta seeks to raise up to $95 billion in shares to fund its AI infrastructure

TechnologyInternationalXataka40 s readAI summary
Image: Xataka

Meta wants to raise up to $95 billion (about €85 billion) by selling shares to pay for its AI infrastructure. In the last quarter it brought in $64.6 billion, up 26% year on year, but its free cash flow was negative, and it expects to invest between $135 billion and $145 billion this year. Alphabet raised nearly $85 billion in shares in June, SpaceX closed $40 billion with Apollo to buy NVIDIA chips and Broadcom gathered more than $60 billion in debt to make Anthropic's chips.

In 40 seconds

  • Meta wants to raise up to $95 billion by selling shares to fund its AI infrastructure.
  • Its quarterly revenue was $64.6 billion, up 26%, but free cash flow was negative.
  • Alphabet raised nearly $85 billion in shares in June and SpaceX closed $40 billion with Apollo to buy NVIDIA chips.
Read the full story at Xataka

IASummary generated by artificial intelligence from a story by Xataka. It may contain errors: the original source prevails.

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