Meta Platforms (META) is mulling raising tens of billions of dollars through a share sale to fund surging artificial intelligence capital expenditure, which could reach $145 billion this year and climb further in 2027, the Financial Times reported Friday, citing three people familiar with the matter.

Meta Chief Financial Officer Susan Li and President Dina Powell McCormick are leading the talks, which intensified following Alphabet's (GOOGL, GOOG) $85 billion equity raise this week, the report said.

Meta has not yet hired banks and may ultimately not proceed with a stock sale, with one person cautioning it was "premature" to say a decision had been made, according to the report.

A Meta spokesperson called the stock offering talks "pure speculation," the report added.

Meta did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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