Meta announces $95 billion fundraising plan for artificial intelligence expansion

Meta Platforms has announced a major fundraising initiative of up to $95 billion to scale its artificial intelligence infrastructure and develop new services. The first phase aims to raise $35 billion, consisting of $22.5 billion in Class A common stock and $12.5 billion in mandatory convertible Series A preferred stock. Following the announcement, Meta shares declined by 2% on Wall Street.

A key component of this initiative is a deeper partnership with chipmaker Nvidia, which has officially committed to investing $3 billion in the stock offering. This capital will support the joint development of the 'Muse' AI assistant—previously codenamed 'Hatch'—which aims to function as a personal super-intelligence for Meta’s billions of users. Built on the open-source OpenClaw architecture, Muse will integrate with email, health, payments, and smart home applications, with users retaining full control over data access permissions.

While Nvidia, AMD, and Broadcom had previously expressed interest in purchasing up to $5 billion worth of shares collectively, Nvidia is the first to confirm a specific financial commitment. The collaboration extends to exploring the integration of Nvidia’s OpenShell framework. The funds will be directed toward maintaining Meta's competitive edge in the AI sector and expanding technical capabilities for future autonomous agents.