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Meta Boosts Bet on AI With New Spending Outlook, Stock Offering

Bloomberg Technology Wednesday 21 October 2026, 20:07 UTC By Riley Griffin 1 min read
Key Points

Meta Boosts Bet on AI With New Spending Outlook, Stock Offering Meta Platforms Inc. boosted its capital spending outlook and announced plans to create a new class of nonvoting stock, part of efforts to escalate its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion.

Meta Boosts Bet on AI With New Spending Outlook, Stock Offering Meta Platforms Inc. boosted its capital spending outlook and announced plans to create a new class of nonvoting stock, part of efforts to escalate its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion.
AI With New Spending Outlook (ORG) Stock Offering Meta (ORG) Stock Offering Meta Platforms Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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