Business · Companies · 3 hrs ago
Meta raises minimum AI investment forecast to $135 billion
Meta plans to spend at least $135 billion this year expanding its artificial intelligence infrastructure.
It raised the lower end of its spending forecast by $5 billion, while keeping the top end at $145 billion.
The company is building data centres to compete with AI leaders such as OpenAI, the maker of ChatGPT.
Meta owns Facebook, Instagram, WhatsApp and Threads, and its advertising business is providing the money for the expansion.
Quarterly revenue rose 26% to $64.6 billion, while profit was $9.86 billion, compared with $2.7 billion a year earlier.
At least one Meta app reached 3.64 billion users, up from 3.6 billion three months earlier.
Meta’s spending plans show how much it is investing in AI, and the company expects to continue its expansion within the stated range.
Meta raised the lower end of its annual capital expenditure forecast to $135 billion, while keeping the upper end at $145 billion.
The spending is aimed at expanding its artificial intelligence infrastructure, including data centres.
Meta said quarterly revenue rose 26% year on year to $64.6 billion.
The company’s advertising business is expected to fund the AI expansion.
Meta reported quarterly profit of $9.86 billion, up from $2.7 billion a year earlier.
- Who
- Meta, the parent company of Facebook and Instagram.
- What
- It raised the lower end of its annual capital expenditure forecast to $135 billion. The forecast range is now $135 billion to $145 billion.
- When
- Wednesday, October 21, 2026.
- Where
- Not stated.
- Why
- Meta is expanding its AI infrastructure and building data centres as it competes in the AI market.
This story does not have two clearly opposing sides.
Meta had forecast annual capital expenditure of $130 billion to $145 billion.
Meta raised the lower end of its forecast by $5 billion, to $135 billion.
Meta reported revenue of $64.6 billion, up 26% year on year, and profit of $9.86 billion.
- Annual capital expenditure forecast
- $135 billion to $145 billion
- Increase to lower forecast limit
- $5 billion
- Quarterly revenue
- $64.6 billion
- Quarterly revenue growth
- 26% year on year
- Quarterly profit
- $9.86 billion
5 sources
Prognose erhöht: Meta will 135 Milliarden in KI investieren
Künstliche Intelligenz: Meta investiert mindestens 135 Milliarden Dollar in KI
Meta raises AI spending forecast to $145 billion, plans new share issue; Q3 revenue beats estimates