Meta raises AI spending forecast to $145 billion, plans new share issue; Q3 revenue beats estimates
60-Word AI Digest
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.
Key Takeaways
- Meta 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.
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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.
Original Publisher Attribution
This summary was curated from Economic Times.