ðŸ‡ðŸ‡° English, 21 October 2026, AI investments
Meta Spends $35 Billion on Capital Expenditures to Build Out AI Capabilities
Meta's capital expenditures for the September quarter fell short of investor expectations, but the company's aggressive spending on AI is paying off.
Meta has been spending aggressively to build out its artificial intelligence (AI) capabilities, and investors are looking for signs that the investments are paying off.
The company’s AI model known as Muse will be the centrepiece of its vision for wearables, with 10 million people already using it in the US and Canada.
Meta’s Reality Labs division is developing devices like AI-powered glasses, and the company expects its profits and losses to improve from here and trend towards profitability.