Meta is making a massive financial play to secure its lead in the artificial intelligence race, announcing plans to raise 95 billion dollars to build out the infrastructure needed for next generation superintelligence. The social media conglomerate intends to execute this strategy in two phases, starting with a 35 billion dollar public equity offering followed by another 60 billion dollars through an at the market program. Investors reacted positively to the roadmap, sending shares up about 1.6 percent in early trading.

The company says these funds will be poured into emerging AI opportunities across its ecosystem, specifically targeting its suite of popular apps, the AI agent known as Muse, and a significant expansion of its data center operations. To foot the bill for these ambitions, Meta plans to utilize a combination of operating cash flow and investment grade debt alongside strategic partnerships and new equity capital. This move places Meta firmly among a group of industry giants who are leaning heavily on borrowing to keep pace with the staggering costs of the AI boom.

This aggressive spending spree comes on the heels of strong quarterly performance, where revenue climbed 26 percent year over year to reach nearly 65 billion dollars. Despite beating analyst expectations on growth, Wall Street has expressed concern over Meta’s dwindling free cash flow and soaring overhead costs. The company recently hiked its full year capital expenditure forecast, which could now climb as high as 145 billion dollars, signaling just how expensive the path toward general intelligence has become.