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Meta Raises Its Spending Forecast on A.I. to Above $70 Billion
Meta has raised its 2025 capital spending forecast to over $70 billion, largely for A.I. research and data center expansion, signaling continued heavy investment into artificial intelligence through 2026. Despite strong ad revenue growth, Meta’s profits fell due to a major tax charge, and its stock dropped after the announcement. CEO Mark Zuckerberg reaffirmed his goal to make Meta a leading A.I. company, following major organizational changes and new leadership in its A.I. division.