"Meta Platforms has raised its annual capital expenditure forecast to between $125 billion and $145 billion for 2026, reflecting a commitment to investing in artificial intelligence infrastructure."
"Despite the planned layoffs, Meta's daily active users across its apps increased to 3.56 billion, indicating a 4% growth from the previous year."
"The company's advertising platform remains a key growth engine, allowing for automation and personalization of campaigns, which supports its ongoing investments in AI."
"Meta is projected to become the world's largest online advertiser, with expected revenues of $243.46 billion, surpassing Alphabet."
Meta Platforms has raised its annual capital expenditure forecast to between $125 billion and $145 billion for 2026, up from $115 billion to $135 billion. The company is investing significantly in artificial intelligence infrastructure despite planned layoffs. Daily active users across its apps rose to 3.56 billion, a 4% increase year-over-year. Meta's advertising platform continues to drive growth, supporting its AI investments. The company is expected to surpass Alphabet as the largest online advertiser with projected revenues of $243.46 billion.
Read at Newsmax
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