Meta Plans to Raise $35 Billion to Fund AI Ambitions

Published On 27 Oct, 2026
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9 News HD: Meta plans to raise $35 billion to support its artificial intelligence (AI) projects. The company wants to use this money to improve its technology and build the computer systems needed to run AI services.

Meta owns Facebook, Instagram and WhatsApp. Along with the $35 billion fundraising plan, the company is also considering another share sale worth up to $60 billion. However, the date for this additional sale has not been announced.

Meta is spending more money on AI as competition between major technology companies continues to grow. The company needs powerful computers and large data centres to develop new AI tools and improve its existing services.

Chip companies Nvidia, AMD and Broadcom have shown interest in buying shares worth up to $5 billion. However, they have not made a final commitment to purchase them.

Meta has also introduced a new type of share that does not give its owner voting rights. This could help the company raise money while allowing its founder and CEO, Mark Zuckerberg, to keep control over important company decisions.

The move shows how much money technology companies need to develop AI. Building data centres, buying computer chips and creating new services can cost billions of dollars.

Meta hopes this investment will help it improve its platforms and develop better AI products. However, the company will need to show that its spending can lead to stronger business growth and good results in the future.