Meta offers shares worth $95 billion to fund AI investments
Meta announces the offering of shares worth $95 billion to fund artificial intelligence investments, with interest from Nvidia, Advanced Micro Devices, and Broadcom.
Translated by Qiyas from الجريدة — Original source
Meta Platforms, the American tech and social media giant, announced on Monday its intention to sell shares worth $95 billion to fund its investments in artificial intelligence technology.
The company, which owns Facebook, WhatsApp, and Instagram, has reached a preliminary agreement with semiconductor manufacturers NVIDIA, Advanced Micro Devices (AMD), and Broadcom to invest in the planned offering. Meta stated that the three companies expressed interest in purchasing shares worth approximately $5 billion.
At the same time, Meta noted that expressions of interest do not constitute binding agreements or commitments to purchase.
