Meta plans to raise $95 billion to finance its expansion of artificial-intelligence infrastructure and related opportunities, including its apps, AI agent Muse and data centers. The fundraising would begin with $35 billion in underwritten public stock offerings, followed by as much as $60 billion through an at-the-market share program. Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of shares. Meta says it will combine equity with operating cash flow, investment-grade debt and partnerships to fund its investments. Its shares fell 1.6% in morning trading after the announcement.
The plan comes as technology companies race to secure computing capacity, data centers and power for AI. Goldman Sachs estimates that AI-related capital spending across these areas could reach $7.6 trillion between 2026 and 2031. Meta recently raised its 2025 capital-spending forecast to $135 billion-$145 billion, after reporting strong third-quarter revenue but negative free cash flow, which concerned investors. It is building four superclusters, each with more than one gigawatt of capacity, and expects to nearly double its total infrastructure capacity during 2026. Other companies are also seeking substantial financing: Alphabet said it would raise $85 billion, SpaceX secured $40 billion in debt financing for GPUs, and Anthropic is preparing for an IPO.
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Microsoft offered buyouts to about 60,000 employees, while protecting roles in data centers, cybersecurity, quantum computing, sales, and marketing. The offer signals which areas the company sees as essential, as AI-driven productivity and industry-wide cuts reshape staffing. (semafor.com)
Hex launched Hex 4.0, rebuilding its analytics platform around AI agents and workflows that work across tools. The company also raised $100 million to develop and expand the new platform. (hex.tech)
Private-equity-backed companies face about $300 billion in risky loans coming due in 2028 and 2029, and firms are seeking extensions as refinancing costs rise. Software firms account for roughly one-third of the debt, with defaults threatening losses for owners and lenders. (wsj.com)
Anthropic’s IPO filing outlines governance designed to protect its mission from investor pressure, giving co-founders special voting power and a benefit trust control over most board seats. After the founders’ voting shares disappear, staggered director terms are intended to preserve long-term control and flexibility. (reuters.com)
Fort Bend County approved agreements that could give Tesla’s proposed $10 billion Texas solar factory up to 35 years of local tax breaks, including a 10-year exemption on equipment and other personal property. Tesla has not committed to building the plant, which would produce solar components near Richmond and target commercial production in 2029. (electrek.co)
China’s AI and semiconductor stocks have plunged, wiping out about $480 billion in market value as investors reassess high valuations, demand, and export restrictions. The crash has hurt retail investors, stalled a broader market rally, and threatens to slow fundraising for Chinese tech companies. (reuters.com)
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