Meta is seeking to raise $29 billion to advance its artificial intelligence initiatives, engaging private capital firms like Apollo, KKR, and Brookfield for funding. The plan includes raising $3 billion in equity and $26 billion in debt, marking one of the largest private fundraising efforts. CEO Mark Zuckerberg aims to enhance Meta’s AI leadership after recent setbacks with their Llama 4 model and delays on the Behemoth model. To bolster AI capabilities, Meta recently invested $15 billion in data labeling start-up ScaleAI and is actively recruiting top talent from OpenAI. The company is adjusting its capital expenditure forecast to account for data center investments and has also initiated a 20-year deal to purchase nuclear energy to support their AI efforts. Meta and other tech giants are increasingly relying on private investment firms to fund large-scale projects while keeping debt off their balance sheets.
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