Meta commits $135B to AI infrastructure, issues non-voting shares to fund buildout

Meta announced a $135 billion investment in AI infrastructure, financed partly through a new class of non-voting shares, preserving CEO Mark Zuckerberg's control. The scale signals an aggressive capex push that could pressure near-term margins but positions Meta to compete in the AI compute race. The share structure is notable as it allows massive capital raising without diluting Zuckerberg's voting power.