Meta Plans to Sell $35 Billion of Its Shares for AI

Meta plans to sell $35 billion of its shares to pay for its AI spending, the Wall Street Journal reported October 26. That is part of a plan to raise up to $95 billion, per CNBC. Reuters reported October 27 that Nvidia will invest $3 billion in the sale. Size and pricing remain unsettled. New shares shrink current owners' slices.