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Meta plans $95B stock financing for AI expansion

Meta plans to raise $95B through a stock offering to finance its AI expansion, the Financial Times reports. The financing includes a $35B underwritten equity offering, with Nvidia, AMD and Broadcom set to act as cornerstone investors. The fundraising is planned.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Infrastructure

Sycamine says Japan committed $21 billion to two GlobalFoundries fabs

Japan has committed $21 billion to two GlobalFoundries chip plants in Malta, New York, under an agreement lasting at least 20 years, investment firm Sycamine Capital Management said in a press release. A vehicle co-owned by the US...