00:00 Speaker A
they’re just trying to find a new way, I think to basically raise as much capital as possible to fund this AI build out.
00:09 Speaker A
You know, this comes after Alphabet did the same thing, Google Alphabet, whatever.
00:13 Speaker A
Um, they uh raised 85 billion in in a fresh stock uh uh sales.
00:18 Speaker A
Uh and so, you know, clearly Meta saw that, uh, probably had this planned for a little while. I don’t think they would just, you know, say, hey, a few days ago Google did this, so we’ll do it.
00:26 Speaker A
But yeah, I think they saw the reaction and were like, okay, this is this is a good way for us to move forward and raise, especially considering that the original 80 billion that Google wanted to raise was oversubscribed so they put it up to 85 billion.
00:36 Speaker A
Um, you know, this isn’t the only way that they’ve been trying to raise money though. They’re trying to monetize their AI.
00:41 Speaker A
They have those new uh subscription services they were talking about that Meta one where you get uh greater access to meta AI, you can basically do more uh photo generation, you can uh use the uh the capabilities more, you know, get access to more tokens,
00:54 Speaker A
kind of the capacity really. uh as well as some, you know, enhanced features for Facebook and Instagram and and WhatsApp.
00:59 Speaker A
Um, so yeah, they’re they’re they’ve also discussed uh Zuckerberg has also teased kind of the idea of being like a a cloud provider.
01:05 Speaker A
Um, they don’t do that right now. They’re the only one that doesn’t do that out of the, you know, so-called hyperscalers, the, you know, Amazons, Googles, Microsofts, but yeah, they they’ve discussed that as kind of a, you know, we’re open to it idea.
01:14 Speaker A
Not that we’re going to do it, but, you know, you could see it becoming kind of a a big business for them uh if they wanted to.
01:21 Speaker A
But this is again, this is all a part of just trying to make as much money as possible to help fund this big AI buildout.
