Meta raises AI spending forecast to $145 billion, plans new share issue; Q3 revenue beats estimates
Meta said Muse reached 2 million daily users and 3 million downloads as the company keeps pouring billions into AI infrastructure.
- Meta projects 2026 capital expenditures between $135 billion and $145 billion, narrowing its prior guidance as the company invests heavily in data centers and computing power for AI development.
- CEO Mark Zuckerberg recounted early investment conversations on the 'Cheeky Pint' podcast earlier this month, saying he would bet up to $200 billion on AI before knowing if models would work.
- Muse, Meta's new AI assistant, reached over 2 million daily users and 3 million downloads on the App Store, scaling rapidly with a business model charging small transaction fees.
- Investors, who previously sent Meta stock down 10% and 6% after past capex guidance, reacted positively this quarter as shares traded up after-hours following the announcement.
- Analysts expected the yearly capex projection of $139.79 billion, and Muse could help justify the heavy spending to investors skeptical of Meta's capital-intensive AI strategy.
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Zeit Online
Facebook founder Mark Zuckerberg has the meta-group invest huge amounts in AI infrastructure. The money for this is to deliver the booming advertising business.
The Takeaways From Meta's Earnings and AI Spending Plans
Ygal Arounian, Wedbush Internet equity research managing director, reacts to Meta Platforms' third-quarter earnings and boosted capital spending outlook. He speaks on "Bloomberg The Close." (Source: Bloomberg)
The Economic Times
Times of IndiaMeta raises AI spending forecast to $145 billion, plans new share issue; Q3 revenue beats estimates
Meta raised its 2026 capital expenditure forecast to $135 billion-$145 billion to accelerate AI expansion and announced plans for non-voting shares, while reporting stronger revenue amid mounting legal challenges and intensifying competition.
The Globe & Mail
BizTocMeta to issue non-voting shares as it tightens AI spending forecast
New class of shares may allow company to finance acquisitions and attract top talent without diluting Zuckerberg’s voting control; shares rise around 4% in extended trading
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