Meta plans major fundraising for AI investment
Meta Platforms plans to raise funds for AI investment, according to a Reuters report.
Story updates
03:48:24 PM UTC
SquawkNews
The plan includes $35bn of underwritten new equity and a further $60bn via an at—the—market programme. Meta said the fundraising would support its expanding AI strategy, which it described as creating "significant opportunities" across its core business and new product areas.Meta said its AI spendi…