Matiks raises $10 million to expand competitive puzzle gaming
General Catalyst led the pre-Series A round as the India-based startup reported more than 300,000 daily users in September.
Meta starts about $35 billion in public offerings to finance AI expansion
A separate planned share-sale program could raise up to $60 billion after trading starts in the company's new non-voting Class C shares.
Meta Platforms began public offerings worth about $35 billion on October 26 to fund its expansion in artificial intelligence. The Facebook parent's fundraising includes convertible preferred stock as well as common stock.
Meta said it also intends to introduce an at-the-market program allowing up to $60 billion in share sales. That program would follow the trading debut of its new Class C shares, which have no voting rights. Trading is expected to begin in the first quarter of 2027.
The company is increasing spending on AI products, computing capacity and data centers as it competes with OpenAI and Anthropic. Its commitments for future spending total about $825 billion, mainly for data centers, infrastructure related to AI and cloud computing power.
Meta's quarterly filing put its combined cash holdings, cash equivalents and marketable securities at $82.45 billion as of September 30, slightly above long-term debt totaling $80.92 billion.