AI Monetization, Subscriptions and Capex Debate

Meta continues building AI monetization through advertising optimization, Meta One, Edits Plus, creator-brand tools, business agents, and WhatsApp automation. The $130–145 billion 2026 capex plan, $31.1 billion Q2 spending, sharply lower free cash flow, and possible large-scale compute strategy remain central investment questions, while recent announcements provide no verified conversion, utilization, margin, or cash-flow evidence.