capex
Meta's AI build swallowed 98% of its cash flow in a single quarter News
Meta reported second-quarter 2026 revenue of $60.80 billion, up 28%, but $31.08 billion of capital spending left just $784 million in free cash flow, and the company narrowed 2026 capex guidance upward to $130-145 billion.
AI Revenue Now Covers the Data-Center Depreciation Bill, But Not the Full Cost News
A modeled industry report finds AI revenue first exceeded AI-infrastructure depreciation in late 2025, but the coverage is thin, excludes operating costs, and depends heavily on how long the chips last.
Zuckerberg tells staff Meta's AI agents 'haven't accelerated' as expected News
Mark Zuckerberg told employees Meta's agent development has not sped up over the past four months and its restructuring bets 'haven't come to fruition,' even as the company plans to spend up to $145 billion on AI this year.
Big Tech is set to spend up to three-quarters of a trillion dollars on AI in 2026 News
Projected AI infrastructure spending for 2026 runs into the hundreds of billions, financed increasingly with debt, as OpenAI also moves into custom chips to cut inference costs.