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)