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Meta seeks to raise up to $95 billion to fund its AI spending

TechnologyInternationalEl Mundo40 s readAI summary
Image: El Mundo

Meta Platforms aims to raise up to $95 billion (84,782 million euros) to fund its AI investments through public offerings of common stock and convertible preferred securities. The company plans to sell about $35 billion in public offerings, including $22.5 billion in Class A shares and $12.5 billion in depositary receipts representing preferred shares, plus an at-the-market program of about $60 billion in Class C shares, which is not expected to begin before the first quarter of 2027.

In 40 seconds

  • Meta seeks up to $95 billion to fund its artificial intelligence investments.
  • The public offering includes about $22.5 billion in Class A shares and $12.5 billion in depositary receipts for preferred shares.
  • The at-the-market program of about $60 billion in Class C shares is not expected before the first quarter of 2027.
Read the full story at El Mundo

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

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