Meta raises $95bn to fund AI expansion

theguardian.com — October 26, 2026 at 05:01 PM UTC

Meta announced a $95bn fundraising plan to finance its AI infrastructure investments, announced Monday amid warnings from Elon Musk that hundreds of AI startups face collapse due to shrinking funding. The two-part offering includes a $35bn underwritten public stock sale, with chipmakers Nvidia, AMD, and Broadcom as potential cornerstone investors, plus a $60bn at-the-market offering of new non-voting class C stock, preserving Mark Zuckerberg's control. Meta stated the funds support its AI infrastructure and personal super intelligence investments. Musk warned that over 200 "neocloud" datacentre providers face "death and consolidation" as debt markets shut off access for companies lacking substantial independent revenue. Shares of Nebius, CoreWeave, and Iren initially dropped over 2% in premarket trading, while Meta shares rose.

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