Meta Commits $115–$135B to AI Capex in 2026, Nearly Doubling Last Year

Meta's pitch is "we are the only frontier lab that already owns 3 billion distribution endpoints," and the capex number is the proof-of-seriousness. The real question for every non-FAANG executive is whether you are a customer of this infrastructure or a competitor for its attention — there is no middle ground anymore. If your company's AI roadmap still depends on a startup's API quota, you are underwriting someone else's distribution problem; the winning move this quarter is locking multi-year compute commitments before the next capacity crunch in Q3.