Technology
Meta Reports $825 Billion in Future Spending Commitments
Key Points
EXCLUSIVE Meta Reports $825 Billion in Future Spending Commitments Meta Platforms Inc. said it has agreed to spend about $825 billion in the future on various leases and contracts, many of them related to computing power and infrastructure for artificial intelligence. Operating and finance leases not yet included on Meta’s balance sheet are valued at $355.7 billion, the company said in a filing Thursday. That includes data centers and energy infrastructure leases starting during the...
EXCLUSIVE
Meta Reports $825 Billion in Future Spending Commitments
Meta Platforms Inc. said it has agreed to spend about $825 billion in the future on various leases and contracts, many of them related to computing power and infrastructure for artificial intelligence.
Operating and finance leases not yet included on Meta’s balance sheet are valued at $355.7 billion, the company said in a filing Thursday. That includes data centers and energy infrastructure leases starting during the remainder of this year through to 2036.