Meta raises equity offering to $97.5 billion, its largest ever
Meta increased its equity offering to $97.5 billion, the largest fundraising in the company's history, to fund AI infrastructure and data centres. The figure updates the up-to-$95-billion plan reported earlier in the week and was announced alongside NVIDIA's $3 billion investment, with Meta building four gigawatt-scale superclusters to nearly double its total compute capacity within a year.