Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.
Meta CEO Mark Zuckerberg announced the company plans to invest around $60 to $65 billion in capital expenditure this year ...
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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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