Meta Announces $35 Billion Stock Offering to Fund AI Infrastructure Expansion
Meta shares fell about 2% on Monday after the company launched a $35 billion stock offering to finance its AI expansion. The move follows a sharp increase in infrastructure spending, with the company now considering additional financing through 2027. Ad Ad Meta’s rising AI spending puts pressure on cash flow Meta…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
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