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Meta unveils $95bn share sale as AI spending drains cash reserves
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Meta unveils $95bn share sale as AI spending drains cash reserves
Meta has announced plans to raise up to $95bn (£71bn) through share sales to fund its AI expansion, as soaring infrastructure costs put pressure on the Facebook owner’s cash flow. The tech giant said on Monday it would raise $35m through public equity offerings, followed by a further $60bn through a programme allowing it to [...]
26 Oct, 18:01
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