Meta Scales Business AI to 10M Weekly Conversations, Raises Capex Guidance Amid Job Cuts

Meta's business AI tools have scaled to handle 10 million conversations per week by late March, up from 1 million at the start of 2026, fueled by Muse Spark integration and GenAI ad tools adopted by 8 million advertisers. Video generation features boosted conversions by 3% in tests, supporting Q1 revenue of $56.3 billion (+33% YoY) and profit of $26.8 billion. However, management raised full-year capex to $125-145 billion for AI infrastructure while announcing 8,000 job cuts and 6,000 unfilled positions, signaling operational shifts and potential margin pressures.