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Meta eyes record $97.5 billion equity raise to fund AI expansion
Meta Platforms on Tuesday raisedthe planned size of its largest-ever equity offerings to $97.5 billion, as the social media giant taps the public market to aggressively expand its AI infrastructure. The fundraising plan, among the biggest by an AI company, has also drawn interest of up to $5 billion in total from Nvidia, Advanced Micro Devices and Broadcom for Class A common shares. In a separate statement, Nvidia said it would invest $3 billion in Meta’s equity offering. Their funding interest adds to concerns about an increasingly circular flow of capital in the AI industry, as chip supplier...
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