{
  "id": 16747767,
  "title": "Meta eyes record $97.5 billion equity raise to fund AI expansion",
  "url": "https://urgent.news/2026/10/27/meta-eyes-record-97-5-billion-equity-raise-to-fund-ai-expansion",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-27T12:14:23.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446138/meta-eyes-record-975-billion-equity-raise-to-fund-ai-expansion"
  },
  "original_language": "en",
  "account": "Meta Platforms announced plans to raise $97.5 billion through its largest-ever equity offering, as it seeks to bolster its AI infrastructure. The social media giant's move, among the biggest by an AI company, has garnered interest from major chip suppliers including Nvidia, Advanced Micro Devices, and Broadcom, which have expressed willingness to invest up to $5 billion in Meta's Class A common shares. Nvidia has committed to a $3 billion investment in Meta's equity offering. The company plans to raise an additional $12.5 billion through the sale of 250 million convertible preferred depositary shares at $50 apiece. Meta's AI spending, aimed at competing with OpenAI and Anthropic, is burning cash, leading to a $2.12 billion cash burn in the third quarter. Despite this, early popularity of its consumer-focused AI agent Muse and the release of new AI models have helped justify the company's aggressive investments. Meta's latest actions follow Alphabet's recent equity offering of $84.75 billion. The company expects its at-the-market offering to begin after its non-voting Class C shares start trading in the first quarter of 2027.",
  "summary": "Meta Platforms on Tuesday raisedthe planned size of its largest-ever equity offerings to $97.5 billion, as the social media giant taps the public market to aggressively expand its AI infrastructure. The fundraising plan, among the biggest by an AI company, has also drawn interest of up to $5 billion in total from Nvidia, Advanced Micro Devices and Broadcom for Class A common shares. In a separate…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}