“Meta Raises Its Spending Forecast on A.I. to Above $70 Billion”

Tan, Eli. “Meta Raises Its Spending Forecast on A.I. to Above $70 Billion”. The New York Times. 29 October 2025. https://www.nytimes.com/2025/10/29/technology/meta-spending-ai.html

Meta announced it raised its capital expenditure forecast for the year from an estimated $66 to $72 billion to a new estimate of $70 to $72 billion. Meta states most of this spending will go towards building data centers. However, for Meta, this is a major increase in spending from years prior, such as $28 billion in 2023 and $39 billion in 2024. Meta even estimates spending to be over $100 billion for next year. The article even discusses how Meta and Mark Zuckerberg plan “on establishing Meta as the leading, frontier A.I. lab” and AI has played a role in Meta’s profits and workforce.

I chose this article because I found it crazy that just in the few years AI has been mainstream, companies, like Meta, can have an estimated spending forecast of over $70 billion. What makes this even crazier, is that this is just Meta! There are probably thousands of other companies spending a similar or even higher amount. Like how the article also mentions Microsoft having an estimated $88 billion.