Meta plans $95bn share sale to fund AI expansion

Meta has announced plans to raise $95bn to fund its AI spending. It will raise $35bn through underwritten public stock offerings, with Nvidia, AMD and Broadcom showing interest and able to buy up to $5bn, plus a $60bn at-the-market offering. The move came as Elon Musk warned that 'neocloud' datacentre providers faced 'death and consolidation'.