Meta increases equity offering to $98 billion to fuel AI expansion

Meta has raised its equity offering to nearly $98 billion, marking one of the largest such commitments in history, as the company intensifies its investment in artificial intelligence. The move comes amid heightened competition in the AI sector, with Meta seeking to solidify its position through substantial financial backing. Meanwhile, Anthropic's upcoming IPO is being viewed as a pivotal moment for the AI industry, with its S-1 filing showcasing rapid growth, significant spending, and substantial losses. The filing highlights the challenges and opportunities facing startups in the field. Additionally, Anduril founder Palmer Luckey has revealed that the defense technology firm is collaborating with Qualcomm to develop a laptop that prioritizes a U.S. supply chain. This partnership underscores the growing emphasis on domestic manufacturing and technological self-reliance in the defense sector.