Meta is making it rain for AI.
The business spent $34.91 billion in chief expenditures during the third fourth of 2026. That's up from the second quarter's sum, $31.08 billion.
For the twelvemonth 2026, Meta stated it expects to expend between $135-145 billion in chief expenditures, narrowed from its prediction of $130-145 milliard final quarter.
Meta's forecast includes the annual capex prediction that analysts expected: $139.79 billion.
As Meta bets big on AI, it is investing heavily in its development. It has built massive, costly data centers and spent big on computing power.
The spending uptick was expected. On the "Cheeky Pint" podcast before this month, CEO Mark Zuckerberg recounted first conversations concerning the funding — and stated he'd bet up to $200 billion on AI, before he knew the models would work.
Investors haven't loved Meta's enormous capex forecasts in former quarters. The inventory tumbled nearly 10% final fourth following earnings per portion missed Wall Street estimates, and sank 6% the fourth before on raised capex guidance.
This quarter, Meta has a new champion product: Muse.
The AI aide has reached complete 2 myriad regular users and 3 myriad downloads. It quickly scaled the App Store. Muse users told Business Insider they chatted alongside it to help scheme trips and ace exams.
The energy about the business is ebullient, as Alexandr Wang, Meta's chief AI officer, continues to post memes of Muse's squishy-looking mascot.
At Meta's Connect keynote event in September, Zuckerberg stated Muse "has a novel endeavor model."
"We accept that Muse volition create you money, and we're position rearward this by making Muse liberated for a huge figure of tokens alongside the anticipation that complete time, we volition gain by taking a small fee from transactions," he said.
Muse could assistance justify the capex guidance for several investors. The inventory was selling up 4.12% after-hours at the period of publication.
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Henry Chandonnet is a elder newsman on the Business News desk. He writes concerning tech culture, from Silicon Valley's startup category to the mundane AI user. He additionally closely covers Big Tech and the workplace. Henry earlier wrote for Fast Company, anywhere he covered trending tech news. He's written for The Daily Beast, People Magazine, and Vulture.Email Henry at [email protected], attain him on Signal at henrychand.30, or prosecute him on X @HenryChandonnet.
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