Advertisement
Telegram ads for your business · TCA Media
RUUZEN
CBU ratesUSD11 838.92▼ 64.23EUR13 248.94▼ 80.21RUB147.05▲ 0.30CNY1 774.87▼ 8.53KZT26.10▼ 0.40GBP15 828.64▼ 88.25As of 24.10.2026
Advertisement
Telegram ads for your business · TCA Media
Companies

Meta Plans to Raise Up to $95 Billion for Artificial Intelligence Development

The company intends to sell shares to finance the construction of data centers and expand AI infrastructure.

26 Oct, 19:04Read in Russian

Meta, which owns Facebook, Instagram, and WhatsApp, has announced plans to raise up to $95 billion through a share offering. Of this amount, the company expects to receive approximately $35 billion as part of already announced proposals, with an additional $60 billion coming from the future sale of non-voting shares, which may begin in 2027.

Chip manufacturers Nvidia, AMD, and Broadcom have expressed interest in purchasing up to $5 billion worth of Meta shares each, though no final commitments have been made yet.

The raised funds will help the company expand its computing capacity and develop artificial intelligence-based products. In 2026, Meta plans to allocate between $135 billion and $145 billion for capital expenditures.

Advertisement
Telegram ads for your business · TCA Media
Original source: Meta
Based on a report by: Business Insider

Read also