Meta plans to raise $95 billion to fund its AI expansion
Key Points
- Meta has announced two offerings in which it plans to raise $95 billion to fund its AI expansion.
- The company will launch an underwritten public equity offering of $35 billion, followed by an ATM programme to raise an additional $60 billion.
- The company's offering has attracted interested from Nvidia, AMD, and Broadcom.
- Meta is significantly expanding its data centre business and AI infrastructure, focusing on enterprise applications of AI agents, as well as consumer products like AI glasses.
Meta has announced plans to raise up to $95 billion through public offerings to finance its investments in AI infrastructure.
The company announced on Monday 26 October that it plans to initially raise $35 billion in underwritten public equity offerings, followed by an additional $60 billion through at at-the-market (ATM) programme for its Class C shares, which do not have voting rights and therefore do not dilute control of company.
Meta said in a statement that its offering is backed by cornerstone investors including Nvidia, AMD, and Broadcom, which have indicated interest in purchasing an aggregate of % billion shares in the underwritten public equity offering.
The goal of this significant fundraising drive is to fund Meta’s AI strategy for the future, including big plays across superintelligence, consumer and business AI agents, and the company’s augmented-reality glasses.
Meta launched its Muse personal AI agent in September 2026, and it said the product has already onboarded 10 million customers in the US and Canada.
Most people who use Muse do so for online shopping, and more than 2 million businesses use Meta’s AI business agent every week, the company said.
The company is continuing to pour money into AI infrastructure. It now owns 23 data centres in the United States and is building four superclusters with more than 1GW of capacity each. Meta said it is on track to nearly double its total infrastructure capacity in 2026.
“AI is creating significant opportunities for Meta across its core business and new products and services,” Meta said in its statement.
“Meta’s AI investments are already generating tangible returns through increased engagement, improved advertising performance and increased monetization. Meta is also pursuing new opportunities across personal superintelligence, consumer and business agents, enterprise products, and AI glasses.”
“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,” the company said.
