Times of IndiaLean R·
Meta plans to raise up to $95 bn for AI expansion through two stock offerings
Meta has unveiled an ambitious plan to secure $95 billion for expanding its artificial intelligence infrastructure, while ensuring that Mark Zuckerberg maintains his voting power. The strategy involves two significant equity moves, including an immediate offering of common and preferred stock. Notably, major chipmakers are keen on Meta's voting shares amidst concerns from Circular Capital.
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