BusinessPhoto: News18 BusinessMeta Plans $35 Billion Stock Offering to Fund AI Development
Meta announced plans to raise $35 billion through a stock offering to finance its artificial intelligence development, according to SEC documents. The company also intends to launch an additional stock offering of up to $60 billion at an unspecified future date. Major chipmakers Nvidia, AMD, and Broadcom have shown interest in purchasing up to $5 billion of Meta's common stock. The new non-voting shares allow Meta to raise capital without diluting CEO Mark Zuckerberg's voting control.
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