Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital ...
Much of the investment will go into increasing the company’s footprint in data centers, which provide the computing power ...
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating ...
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META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark ...
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