← Latest news 
Meta doubles AI spending as it lifts capex forecast to 125 billion to 145 billion by 2026
Economy
Published on 29 April 2026
Layoffs planned, but capex is climbing fast
Meta Platforms is raising its capital expenditure forecast to $125 billion–$145 billion by 2026, signaling a major acceleration of AI infrastructure investment. The company plans layoffs even as it pours more money into compute and network capacity. Meta also reported continued momentum in usage, with daily active people reaching 3.56 billion.
- Meta lifted its capex forecast to $125 billion–$145 billion by 2026
- AI infrastructure spending is expanding even with planned layoffs
- Daily active people climbed to 3.56 billion
- The strategy suggests heavier bets on AI growth over near term costs
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times