Meta announces $95bn fundraising drive to pay for AI expansion – business live

Meta says share sale will support its “continued investment in AI infrastructure and personal superintelligence”, as Elon Musk warns some AI cloud computing firms face ‘guppy-level death’ UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday’s budget. The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03…