Timeline
Guided $130-145B AI capex for 2026
Meta raised its 2026 AI capex forecast to $130-145 billion, up from $110-130 billion.
Released AskChem on Hugging Face, converting 147,000 chemistry papers into 2.4 million searchable claims.
Announced $14B Texas AI data center with BlackRock
Azure AI revenue grew 20% quarter-over-quarter in Q4 2025
Meta and BlackRock invest $14B in Texas AI data center with 1GW capacity
Released Fara1.5-27B open-source vision-only web browsing agent on Hugging Face
Meta develops custom AMD MI400 half-size chip targeting recsys workloads
Off-balance-sheet debt tied to AI infrastructure leases reaches $1.65 trillion across five tech giants, an eightfold increase in four years.
Microsoft will deploy AMD Helios rack-scale AI accelerator at scale on Azure.
Ecosystem
Meta
Microsoft
Evidence (15 articles)
CNAS Report: AI Hits Silicon Wall as Chip Supply Trails $700B CapEx
May 11, 2026Meta Boosts AI Capex to $130-145B; Shares Fall
Aug 2, 2026AI Debt Financing Could Hit $7T by 2029, Per Analyst
Jul 6, 2026Hyperscaler Off-Balance-Sheet Debt Hits $1.65T on AI Buildout
Jul 21, 2026Microsoft's $700B Market Cap Drop Reflects Investor Anxiety Over $50B AI Infrastructure Spending
Mar 20, 2026Meta, Microsoft Lay Off 17,000 in One Day for AI Spending
Apr 23, 2026The Fragile Foundation: How AI Lab Failures Could Trigger a $1.5 Trillion Infrastructure Collapse
Mar 13, 2026AI Data Centers Face 4-Year Post-Approval Delays, PJM Data Shows
May 12, 2026+ 7 more articles