Tech giants are spending big on AI in rush to dominate the boom
Its spending growth in 2026 is poised to be "notably larger" than this year, the company said. Meta is seeking to compete with companies like OpenAI.
Meta said its capital expenditures for 2025 will be between $70bn (£53bn) to $72bn, up from an earlier estimate of $66bn to $72bn.
Earnings reports from Meta, Alphabe
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