What's happening?
Meta plans to sell up to $95 billion in new stock to fund its AI infrastructure spending, according to The Decoder.
Why it matters
Compute power and data center capacity have become decisive in the AI race. A stock sale of this scale shows the pressure that infrastructure investments are putting on the company's balance sheet.
Context
Meta has been ramping up its AI spending, and reports have surfaced of tension between the company's board and CEO Mark Zuckerberg over those outlays. This move points to how the company intends to finance them.
