s services generate enormous cash, and the company still chose to sell stock rather than fund this year s placement was oversubscribed, with sovereign wealth funds among the buyers, and the company increased the deal The company says 100% of the net proceeds will go into its full-stack AI capabilities, including expanding its AI infrastructure. -listed shares held up better, trading about flat as of this writing after a drop in the premarket. The AI build-out has grown past the point where even its richest participants can fund it from cash flow alone.