Key facts
- Meta's AI assistant Muse has reached over 2 million daily users and 3 million downloads.
- The company's stock was trading up 4.12% after hours at the time of publication.
Meta Platforms Inc. is increasing its investment in artificial intelligence, with CEO Mark Zuckerberg previously stating he would bet up to $200 billion on AI. The company spent $34.91 billion on capital expenditures in the third quarter of 2026, an increase from $31.08 billion in the second quarter. For the full year 2026, Meta now expects capital expenditures to be between $135 billion and $145 billion, a narrowing of its previous forecast. This spending is directed towards building data centers and acquiring computing power for AI development. Meta's AI assistant, Muse, has gained significant traction, reaching over 2 million daily users and 3 million downloads, which could help justify the company's substantial capital expenditure guidance to investors.