Meta Platforms announced plans to raise up to $95 billion to fund its AI infrastructure expansion, a significant increase from the previous target of $35-40 billion. To support this growth, the company invested $3 billion to deepen its partnership with NVIDIA. Additionally, BNP Paribas projects that Meta's Muse model will drive $8 billion in revenue by 2028.
On October 27, Meta raised its total equity financing to $97.5 billion as its collaboration with NVIDIA on Muse models and computing infrastructure expands.
Read the full storyThe company does not expect initial proceeds from the sale of Class A shares, while considering a later program worth about $60 billion whose terms and timing have not been set.