Meta Launches Enterprise AI Unit After $145 Billion Spending Push
Updated
Updated · Financial Times · Sep 28
Meta Launches Enterprise AI Unit After $145 Billion Spending Push
3 articles · Updated · Financial Times · Sep 28
Summary
Meta on Monday created Meta Enterprise Platform, a new business that will sell AI tools, coding products and access to its advanced models to corporate customers.
CJ Desai, MongoDB’s chief executive, will run the unit and report directly to Mark Zuckerberg as Meta tries to turn heavy AI investment into revenue beyond advertising.
Up to $145 billion in 2026 capital expenditure underpins that push, largely for data centers and model development that Zuckerberg says can now be turned into enterprise products and services.
Meta shares fell 4% after the announcement, while MongoDB dropped nearly 20% on news of Desai’s departure, even after investor sentiment had improved on strong early demand for Muse.
The move broadens Meta’s AI strategy from consumer products like Muse and its new handheld device toward business customers, and could eventually put it into closer competition with cloud providers.