Meta Plans to Raise Up to $95 Billion as AI Race Intensifies

Meta Platforms intends to raise up to $95 billion through sales of common and preferred shares, seeking funding to support its ambitions in artificial intelligence.

The planned fundraising reflects the scale of the company’s bet on AI as competition across the sector accelerates. Meta is looking to strengthen its position in a field demanding substantial financial resources.

The proposal would draw on two types of equity rather than common shares alone. The summary provided no breakdown of how much Meta aims to raise through each type of stock.

Details of the timing, pricing and specific uses of the proceeds were not provided. The amount sought nevertheless signals the financial weight Meta is prepared to put behind its push to compete in AI.