Strategy

Meta is still burning money on AR/VR

Meta is abandoning its $83.5B cumulative AR/VR loss and pivoting to $125-145B in 2026 AI capex to compete with OpenAI and Anthropic for compute dominance.

Thursday, April 30, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

Meta lost $4 billion on Reality Labs in Q1 2026, part of an $83.5 billion cumulative loss since 2021. The company is pivoting to AI infrastructure, projecting $125-145 billion in 2026 capex spending to compete with OpenAI and Anthropic.

Read original at TechCrunch

Meta just bumped its 2026 capex forecast up to as much as $145 billion for the AI boom—and investors flinched

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