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 sell shares at the market price at the time of the announcement. Chipmakers Nvidia, AMD and Broadcom have expressed interest in buying up to $5bn of shares between them, as Meta races to secure the computing power needed to compete with OpenAI, Anthropic and Google. The fundraising, Meta s largest to date, will support its investment in AI data centres, its Muse AI agent and what chief executive Mark Zuckerberg has described as personal superintelligence . Meta shares fell around 1.4 per cent following the announcement. The move comes just days after the firm raised its full-year capital expenditure forecast to between $135bn and $145bn, having previ