Meta plans to raise $95 billion

(CNN)– Meta is looking to raise up to $95 billion to fuel its artificial intelligence ambitions.

The Facebook parent announced Monday (October 26) it plans to raise about $35 billion through public stock offerings.

It’s also considering a program to sell up to $60 billion in additional shares over time.

The money would help fund Meta’s expanding Ai infrastructure and new products.

The company expects to spend as much as $145 billion on capital investments this year.