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.
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating ...
Last year, Meta's capex was between $35bn and $40bn, representing a significant increase. This month, Microsoft said that it ...
Venture capitalist and early Facebook investor Jim Breyer said Meta CEO Mark Zuckerberg has been energized by his company’s ...
Investors are also betting that Meta's nascent push into AI technologies and the hardware and products it will improve will ...
Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the ...
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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