Meta Platforms Faces Further Delays in AI Development Amid Increased Capital Expenditure
Meta's rollout of the Muse Spark developer API has encountered multiple delays, with no confirmed launch date. Analysts remain optimistic despite concerns over execution and rising capital expenditures, projected to reach $145 billion in 2026, exacerbating the focus on timely delivery and ROI.
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Meta Platforms has delayed the release of its Muse Spark developer API, previously expected shortly after the model's introduction in April. The company has raised its capital expenditure forecast for 2026 to between $125 billion and $145 billion, driven by AI infrastructure and computing capabilities.
Despite the delays, analysts rate META as a 'Strong Buy,' with a 12-month price target averaging $826.75, indicating a potential 33% upside from a recent price of $623. The ongoing delays shift the burden of proof to Meta, requiring investor confidence in its AI roadmap until the API is publicly available.
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