From Metaverse to AI: shifting priorities

Meta anticipates up to $135 billion worth of capital expenditures this year, nearly double the company’s outlay in 2025. One driver of that expenditure growth is what Meta calls its "Superintelligence Labs." This kind of spending puts it right up there with other tech giants pouring money into their AI capabilities. And it's a shift from a company that used to be hyper-focused on virtual reality. Marketplace’s Stephanie Hughes talked about this with Mike Isaac, a reporter for the New York Times, to learn more.