Lates News

According to the Financial Times, Meta Platforms (META.O) is considering raising hundreds of billions of dollars through stock issuance to seek new sources of capital to support Mark Zuckerberg's ambitious plans in the field of artificial intelligence; earlier this week, Google completed a record-breaking $85 billion stock deal. According to three sources familiar with the matter, executives at the social media company have been exploring "innovative" financing methods because the company plans to significantly increase its AI-related capital spending to as much as $145 billion this year and further increase it by 2027. Sources said that with Google's parent company Alphabet successfully completing financing this week - with the financing size increased by $5 billion more than originally planned driven by strong investor demand - discussions have become increasingly heated. However, Meta has not yet hired investment banks and may ultimately not issue new shares. Some insiders caution that it is too early to assert now that the company has decided how to proceed, as all financing plans are still being considered.