Mark Zuckerberg on capital expenditure
From Meta Platforms Inc ($META) Q3 2022 Earnings Call · · Castify Earnings Call
“Our current surge in capex is largely due to building out our AI infrastructure and we would expect capex to come down as a percent of revenue over the long term. We expect Reality Labs expenses will increase meaningfully again in 2023.”
On , Mark Zuckerberg, Founder, Chairman & Chief Executive Officer at Meta Platforms (Facebook), spoke about capital expenditure during Meta Platforms Inc ($META) Q3 2022 Earnings Call on Castify Earnings Call.
About Mark Zuckerberg
During Meta's Q1 2026 earnings call on April 29, 2026, Zuckerberg stated that the company is increasing its infrastructure capital expenditure forecast for the year, attributing the rise primarily to higher component costs, particularly memory pricing. He said the company is focused on increasing investment efficiency and is rolling out more than one gigawatt of its own custom silicon developed with Broadcom, along with a significant amount of AMD products. Zuckerberg also noted that the company plans to reduce the size of its employee base in May, describing a leaner operating model as a way to move more quickly and offset substantial investments. On the same call, Zuckerberg expressed a view on artificial intelligence that he characterized as different from many others in the industry, stating he believes AI will amplify people's ability to achieve personal goals rather than replace people. He described the company's investment strategy as a bet that individual aspirations will become more important in the future, contrasting this with what he described as industry rhetoric about a centralized AI system performing all productive work. Zuckerberg said the company's formula has been to build experiences that can reach billions of people and focus on monetization at scale, adding that he believes the company has shown it can build leading models and be a leading AI company.