Meta Platforms (META.O) said in a regulatory filing it has committed nearly $700 billion for AI data centers, cloud computing and related infrastructure via long‑ and short‑term agreements. Irrevocable contract commitments total $349.3 bln, mainly for third‑party cloud service agreements, servers and network infrastructure; the company called this a conservative estimate. Meta also has $347.0 bln of leases not yet commenced that are off‑balance‑sheet; $68.0 bln of those were added in July, with

Meta Platforms (META.O) said in a regulatory filing it has committed nearly $700 billion for AI data centers, cloud computing and related infrastructure via long‑ and short‑term agreements. Irrevocable contract commitments total $349.3 bln, mainly for third‑party cloud service agreements, servers and network infrastructure; the company called this a conservative estimate. Meta also has $347.0 bln of leases not yet commenced that are off‑balance‑sheet; $68.0 bln of those were added in July, with payments starting in 2027 and 2028. These costs are incremental to existing leases and primarily cover data centers, colocation and certain network infrastructure.