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Updated · The Motley Fool · May 5Meta plans up to $145bn AI capital spending for 2026
4 articles · Updated · The Motley Fool · May 5
- The new range, disclosed with quarterly earnings on 29 April, is at least $10bn above Meta's previous estimate.
- The company is also planning to cut about 10% of staff on 20 May, saying the move aims to improve efficiency and help offset heavy investment.
- Meta shares are down nearly 8% this year, as investors weigh whether AI spending will generate returns or echo costly bets such as the metaverse.
Meta's stock is falling despite huge AI spending. Is this the next Metaverse or a true revolution? Meta promises a personal AI for everyone. But with falling user engagement, will anyone actually want it? As AI freezes entry-level hiring, is the tech industry creating a lost generation of workers?