[Meta expects capital expenditures to be up to US$145 billion in 2026 and plans to support AI investment through equity financing and other methods] On October 26, Meta stated that it expects capital expenditures in 2026 to be US$135 billion to US$145 billion. The company said that AI investment has brought real returns by increasing user participation, improving advertising performance and increasing monetization efficiency. In the future, it will also invest in personal super intelligence, consumer and enterprise-level AI agents, AI glasses and other businesses. Meta plans to fund related investments through a variety of methods including operating cash flow, investment-grade debt, strategic cooperation and equity capital. In the first three quarters of 2026, the company's operating cash flow was US$97 billion; as of the end of the third quarter, cash, cash equivalents and marketable securities were approximately US$82 billion.