Meta Platforms Plans to Raise $95 Billion to Boost AI Development

Meta Platforms is aiming to raise up to $95 billion through the issuance of common and preferred shares to fund its expansion in artificial intelligence. The company announced it will offer shares worth approximately $35 billion, alongside an open market stock sale program that could generate an additional $60 billion. The sale program, known as 'ATM', includes the issuance of Class C shares, which do not grant voting rights to holders. This type of program allows companies to sell shares gradually rather than raising all the funds in one go, providing greater flexibility in changing market conditions.