(pixabay)I don’t have many good things to say about Mark Zuckerberg, but I must give the Meta CEO credit for his steadfast refusal to buckle to Wall Street short termism when it comes to essential AI infrastructure spend. The firm is now looking at annual capital expenditure of between $115 billion and $135 billion, compared with $72.22 billion a year earlier. The majority of expense growth will be driven by infrastructure costs, including third-party cloud spend and higher infrastructure operating expenses. And there’s more to come as Meta’s 2026 forecast envisages “Reality Labs operating losses remaining similar to 2025 levels”. It's hard to imagine a world in several years where most glasses that people wear aren't AI glasses.