The Zhitong Finance App learned that Meta (META.US) is seeking equity financing of up to 95 billion US dollars to fund its artificial intelligence (AI) expenses. The company issued a statement on Monday saying it will issue approximately $35 billion in common shares and preferred shares — about $22.5 billion in Class A common shares through forward sale agreements, and about $12.5 billion in Class A compulsory convertible preferred stock depository shares.

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