Meta Eyes $20 Billion Bond Sale to Fund AI Expansion
Meta is considering selling $20 billion worth of bonds to raise money for its artificial intelligence expansion. The move is one more example of big tech firms looking for large sums to pay for AI growth.
Quick glossaryMeta, bond sale
- Meta
- The US company that owns Facebook, Instagram and WhatsApp, best known for its social media apps.
- bond sale
- A way for a company to borrow money from investors, who buy its promises to repay with interest later.
Burning Potato score: 75%