Meta Launches Enterprise AI Unit, Eyes Cloud Play With $145B Capex

Meta is forming an Enterprise Solutions unit to embed engineers with major customers and is exploring a cloud business to monetize excess AI capacity against AWS and Azure. The strategy follows the May 20 execution of roughly 8,000 layoffs (10% of staff) and reassignment of 7,000 employees into four AI-focused teams, alongside closure of 6,000 open roles. Capex guidance was lifted to $125–$145 billion for 2026, with CEO Zuckerberg stating success in AI is 'not a given' as the company shifts beyond advertising. Shares trade near $610 with analysts maintaining a $826 consensus target.