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Meta Forecasts Spending of at Least $115 Billion This Year

28 January 2026 at 18:24
That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

Β© Christie Hemm Klok for The New York Times

Meta’s Eagle Mountain Data Center in Utah. The bulk of Meta’s new A.I. spending will be on infrastructure like data centers.

Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business

12 January 2026 at 17:35
The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on building artificial intelligence.

Β© Jason Henry for The New York Times

Michael Abrash, chief scientist of Reality Labs, during a presentation for Meta last year.
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