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Rohan Paul· @rohanpaul_ai · X· · Original publication time AI score46

Meta raises fundraising target to $97.5 billionMachine translation

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Meta raised its overall fundraising target from $95 billion to $97.5 billion, its largest capital raise to date. The plan comprises $12.5 billion in preferred stock, $25 billion in common stock and up to $60 billion through an at-the-market offering. Meta said Nvidia, AMD and Broadcom had expressed nonbinding interest in buying up to $5 billion in common shares combined.

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ReplyRohan Paul@rohanpaul_ai
Meta said Nvidia, AMD and Broadcom had expressed nonbinding interest in buying as much as $5B of common shares combined. Meta raised its overall fundraising target from $95B to $97.5B, the largest capital raise in its history, made up of $12.5B in preferred stock, $25B in common stock and up to $60B through an at-the-market offering.
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