June 5 (Reuters) – Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company’s AI ambitions, the Financial Times reported on Friday.
The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI.
Meta shares were down 6.6% following the report.
Executives at Meta have been exploring “creative” ways to raise cash as it prepares to sharply boost its AI-related capital expenditures to as much as $145 billion this year and even higher in 2027, the FT report said, citing three people familiar with the plans.
The company did not immediately respond to a Reuters request for comment.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shilpi Majumdar)
