Meta's future lease and contract commitments total about $825bn, according to Bloomberg's calculation from its filing. The total combines $454.5bn in non-cancellable contracts, leases not yet started and a cloud agreement whose value could fall.
Bloomberg calculated the aggregate by adding 3 items in Meta's quarterly regulatory filing. The largest is $454.5bn in non-cancellable purchases covering cloud capacity, servers, network equipment and other infrastructure. Of that amount, $45.9bn falls due in the rest of 2026 and $121.4bn in 2027.
The calculation also includes $355.7bn in leases that have not yet started and therefore do not appear on Meta's balance sheet. A further agreement covers up to $14.7bn of cloud capacity over 5 years, although that amount could shrink if the provider sells capacity to other customers.
For companies building with AI, the filing shows the scale of external computing capacity behind Meta's expansion. Its pending leases have start dates from now through 2036, with terms lasting as long as 30 years. The reported commitments do not establish what returns the future capacity will generate.
Binding contracts make this a substantial commitment to infrastructure rather than an announcement of possible spending.
External cloud purchasing is a major part of Meta's AI expansion, making cloud providers central to delivering its plans.
Long lease terms create obligations that could outlast individual AI products.
Written automatically by the Made in 10 Newsroom from the source above.
Meta says a quarter of Muse users are shopping through its personal AI agent. Purchases average more than $200, and Meta earns a fee on every commercial transaction through Muse.
OpenAI is reportedly raising up to $30 billion in a funding round led by United Arab Emirates investors and Coatue. The talks also include a possible agreement for more computing capacity from the UAE, but neither deal is final.
Canva has launched Canva Craft, its first AI image generation model, for all users worldwide. The model plans a design before generating it, with Canva claiming better control over text, object placement and precise edits.