<\/p>\n
Meta Platforms Inc said it has agreed to spend about $825 billion in the future on various leases and contracts, many of them related to computing power and infrastructure for artificial intelligence.<\/p>\n
Operating and finance leases not yet included on Meta\u2019s balance sheet are valued at $355.7 billion, the company said in a\u00a0filing Thursday. That includes data centers and energy infrastructure leases starting during the remainder of this year through to 2036.<\/p>\n
As of 30 September, the company separately had $454.5 billion in non-cancellable short- and long-term contracts. Many of those were related to third-party cloud computing power, energy agreements for data centers, or consumer hardware products for its Reality Labs division.<\/p>\n
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Read: Meta reports $279bn in future data centre leases for AI<\/p>\n
Meta also said it is obligated to purchase up to $14.7 billion of cloud capacity over five years, though that amount might decrease if the cloud service provider sells to other customers.<\/p>\n
During Meta\u2019s quarterly earnings report Wednesday, the social-media giant boosted its capital spending plans for the year and announced a new class of nonvoting stock that could ultimately be used to help pay for acquisitions and other expenses.<\/p>\n
In July, Meta reported future spending commitments of\u00a0almost $700 billion.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Meta #reports #825bn #future #spending #commitments<\/p>\n","protected":false},"excerpt":{"rendered":"
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