Zuckerberg Says Meta to Spend Up to $65 Billion on AI in ’25
- Capital expenditures will increase 50% over 2024 spending
- Meta announced new $10 billion data center in December
Ray-Ban Meta Smart Glasses 2nd generation at a Meta Platforms event in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Meta Platforms Inc. plans to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday.
The company intends to use the funds to build a data center “so large that it would cover a significant part of Manhattan,” Zuckerberg said in a Facebook post. Meta plans to bring around a gigawatt of computing power online in 2025 and is projected to end the year with more than 1.3 million graphics processing units, he added.