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Meta markets dollar bonds in plan to raise at least $20 billion

Meta Platforms is marketing US dollar bonds as part of a plan to raise at least $20 billion in debt in the US and Europe to fund artificial intelligence infrastructure, Bloomberg reported. It is Meta's first dollar bond offering in six months and comes as technology giants face investor skepticism over the buildout.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital AI

October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

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Capital

Evertrue closes $17 million fund for early-stage European startups

Yvonne Bajela announced that Evertrue closed an oversubscribed $17 million first fund to invest in early-stage companies across the U.K. and Europe. The firm has already backed seven companies and will invest mainly in AI and fintech.