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

Core Insights - The Silicon Valley company is planning to increase its spending this year and anticipates continued investment in 2026 as it hires A.I. researchers and develops data centers to support its technology [1] Group 1 - The company is focused on hiring A.I. researchers to enhance its capabilities [1] - There is a significant investment in building data centers, which indicates a commitment to scaling its technological infrastructure [1] - The projected increase in spending reflects the company's strategic direction towards A.I. and data management [1]