From Business Insider · Henry Chandonnet · · 1m 20s
Meta raises capex forecast as Muse AI assistant gains traction
Meta narrowed its 2026 capital spending forecast to $135-145 billion as its new Muse AI assistant reaches millions of users, offering investors a potential justification for the massive infrastructure investment.
In brief
Meta narrowed its 2026 capital spending forecast to $135-145 billion as its new Muse AI assistant reaches millions of users, offering investors a potential justification for the massive infrastructure investment. Meta narrowed its 2026 capex forecast to $135-145 billion while its new Muse AI assistant reached over two…
Meta's third quarter spending surge
Meta spent thirty four point nine one billion dollars on capital expenditures in the third quarter of twenty twenty-six, up from thirty one point zero eight billion in the second quarter.
Narrowed forecast for full year
Meta narrowed its twenty twenty-six capex forecast to one hundred thirty five to one hundred forty five billion dollars, up from the previous range of one hundred thirty to one hundred forty five billion.
Zuckerberg's AI bet
CEO Mark Zuckerberg said on the Cheeky Pint podcast he would bet up to two hundred billion dollars on AI before knowing whether the models would work.
Muse reaches millions of users
Meta's new AI assistant Muse reached over two million daily users and three million downloads. Zuckerberg said Muse has a novel business model and will make money through small transaction fees.
“We believe that Muse will make you money, and we're standing behind this by making Muse free for a huge number of tokens with the expectation that over time, we will profit by taking a small fee from transactions.”
What matters most
Meta narrowed its 2026 capex forecast to $135-145 billion while its new Muse AI assistant reached over two million daily users, potentially justifying the spending to investors.
