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.
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Meta nearly doubling spending with eye toward AIMeta CEO Mark Zuckerberg announced on Friday the social media company will nearly double its spending this year as it focuses ...
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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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