Meta creates new shares to fund AI push amid growing costs
meta issues new class of shares to fund ai initiatives and acquisitions, as it expects $135-145b in capital expenditures this year.
meta announced the issuance of a new class of shares to fund its ai initiatives, as well as potential acquisitions and employee compensation. the company expects capital expenditures between $135 billion and $145 billion this year, up from the previous estimate of $130 billion to $145 billion. meta's ai efforts include building data centers, poaching top talent, and developing ai models. the new shares will provide meta with additional funding tools and flexibility to invest in ai-driven growth. meta's ai agent, muse, recently launched and reached 10 million downloads in the us.