Tech firm announces two-part fundraising after Elon Musk warns hundreds of AI startups face collapseMark Zuckerberg’s Meta has announced plans for a $95bn (£71bn) fundraising to cover its AI expenditure, even as Elon Musk warned that funding for smaller players in the sector was drying up.The owner of Facebook, Instagram and WhatsApp is a leading …
Meta plans $95bn stock offering to help cover AI expansion
Tech firm announces two-part fundraising after Elon Musk warns hundreds of AI startups face collapseMark Zuckerberg’s Meta has announced plans for a $95bn (£71bn) fundraising to cover its AI expenditure, even as Elon Musk warned that funding for smaller players in the sector was drying up.The owner of Facebook, Instagram and WhatsApp is a leading …
Originally reported by The Guardian Technology
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