Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out

Meta CEO Mark Zuckerberg is among the most prominent figures in the AI race. Finn Gomez/Getty Images Meta is tapping investors for up to $95 billion to fund its huge AI build-out.The tech giant said in a Monday filing that it has launched about $35 billion in equity offerings, comprising around $22.5 billion of Class A common stock, and $12.5 billion in depositary shares representing preferred stock.The parent company of Facebook, WhatsApp, and Instagram also said it was planning a $60 billion at-the-market offering once its Class C shares begin trading in the first quarter of 2027."AI is creating significant opportunities for Meta across its core business and new products and services," the company said in a press release."Meta is investing to expand the infrastructure and compute capacity needed to support these opportunities and to bring personal superintelligence to billions of people and businesses," it added.Nvidia, AMD, and Broadcom have each expressed an interest in buying up to $5 billion of the common stock being offered, but those indications aren't binding, so they might buy more or less, Meta said.Meta is spending heavily on AI infrastructure as it develops consumer AI products and pursues Mark Zuckerberg’s goal of "personal superintelligence."Meta stock was trading about 2% higher at $654 as of 8:04 a.m. ET.This is a developing story. Check back for updates. Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Robert Scammell is a senior editor working at Business Insider's London bureau, overseeing the tech team's coverage of companies such as Google, OpenAI, SpaceX, and Meta.He is also the editor of Vibe Mode, Business Insider's weekly newsletter on all things AI coding. Before joining Business Insider, Robert was the editor of the tech publication UKTN. Theron Mohamed is a London-based correspondent on the International team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team then the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, and other elite investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at tmohamed@businessinsider.com and follow him on X @theron_mohamed. Meta AI