Meta raises AI spending forecast to $125 billion to $145 billion by 2026

Meta Platforms has raised its annual capital expenditure forecast to $125 billion to $145 billion by 2026, driven by increased spending on artificial intelligence infrastructure. This move aims to keep the company competitive in the tech industry.

Other tech giants, including Amazon, Google, Microsoft, and Meta, are also investing heavily in AI, with a total of $130.65 billion spent in the first quarter. This spending is expected to continue, with companies planning to invest around $700 billion in AI this year.

Alphabet's cloud unit reported stronger-than-expected quarterly revenue, driven by sustained enterprise spending on artificial-intelligence infrastructure. The unit's revenue grew 63% to $20 billion in the first quarter.

Genesis FX Markets has introduced an AI-powered trading platform featuring an embedded trade coach, live market news feed, and built-in journal tools designed for retail traders worldwide.

Meanwhile, concerns have been raised about the use of AI for cryptocurrency mining, with 30 ClawHub skills secretly co-opting AI agents and creating a mass cryptocurrency mining swarm.

Other developments include the launch of Virtue AI PolicyGuard, a tool that turns AI policies into enforceable runtime guardrails, and the integration of RapidSOS public safety AI into AT&T's ESInet platform.

Akamai Technologies reported a surge in API security threats linked to rapid deployment of APIs for AI applications, with 87% of surveyed organizations facing API-related issues.

Key Takeaways

['Meta raises AI spending forecast to $125 billion to $145 billion by 2026.', 'Tech giants spend record $130.65 billion on AI in the first quarter.', "Alphabet's cloud unit reports 63% revenue growth to $20 billion in the first quarter.", 'Genesis FX Markets launches AI-powered trading platform for retail traders.', '30 ClawHub skills secretly mine cryptocurrency using AI agents.', 'Virtue AI launches PolicyGuard to enforce AI policies.', 'AT&T integrates RapidSOS public safety AI into ESInet platform.', 'Akamai reports surge in API security threats linked to AI applications.', 'Wall Street analysts recommend buying Axon Enterprise over Palantir.', 'DeepVest and AdvisorCRM introduce AI-driven updates for financial advisors.']

Meta raises AI spending forecast

Meta Platforms raised its annual capital expenditure forecast due to increased spending on artificial intelligence infrastructure. The company now expects 2026 capital expenditure between $125 billion and $145 billion. This move is part of Meta's effort to stay competitive in the tech industry by investing heavily in AI development.

Tech giants spend record on AI

Tech giants like Amazon, Google, Microsoft, and Meta are spending record amounts on artificial intelligence, with a total of $130.65 billion spent in the first quarter. This spending is expected to continue, with companies planning to invest around $700 billion in AI this year.

Meta stock sinks on AI spending forecast

Meta Platforms' shares fell 3.4% after the company raised its forecast for AI spending to $125 billion to $145 billion by 2026. The increased spending is driven by Meta's efforts to improve its virtual reality and augmented reality products, as well as its advertising technology.

Alphabet's cloud unit beats revenue estimates

Alphabet's cloud growth driven by AI

Alphabet's cloud computing unit reported a significant growth in revenue, driven by demand for artificial intelligence tools. The unit's revenue grew 63% to $20 billion in the first quarter, exceeding analysts' estimates.

Genesis FX Markets launches AI trading platform

Genesis FX Markets introduced an AI-powered trading platform featuring an embedded trade coach, live market news feed, and built-in journal tools designed for retail traders worldwide. The platform aims to help traders analyze market activity, manage trading strategies, and improve decision-making.

30 ClawHub skills secretly mine crypto

A user published 30 ClawHub skills that are secretly co-opting AI agents and creating a mass cryptocurrency mining swarm. The skills have been downloaded around 9,800 times and are designed to target AI agents and cryptocurrency wallets.

Solana AI Agents & Crypto Arbitrage Trading

Automated agents are being used for arbitrage trading on the Solana blockchain, allowing for faster and more efficient transactions. The agents can execute trades in under 50ms, giving them a speed advantage over human traders.

Virtue AI PolicyGuard

Virtue AI PolicyGuard is a new tool that turns AI policies into enforceable runtime guardrails. The tool helps organizations keep their AI systems aligned with their policies and regulatory requirements.

Buy 1 Artificial Intelligence stock

Wall Street analysts recommend buying Axon Enterprise, a company that integrates AI into its public safety hardware and software, over Palantir, a company with a unique software architecture and strong growth prospects.

AT&T ties RapidSOS public safety AI

AT&T has integrated RapidSOS public safety AI into its ESInet platform, enabling direct delivery of AI intelligence over a managed path. The partnership aims to enhance public safety workflows and provide secure connectivity.

Akamai API Threat Surge

Akamai Technologies reported a surge in API security threats linked to rapid deployment of APIs for AI applications. The company found that 87% of surveyed organizations faced API-related issues.

DeepVest, AdvisorCRM roll out client-focused AI

DeepVest and AdvisorCRM have introduced AI-driven updates designed to help financial advisors work more efficiently with client data. The updates aim to surface behavioral risk insights and generate client-ready output.