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Meta Platform, the owner of Facebook and Instagram, plans to spend more than 65 billion dollars this year alone to build the company's social networks. artificial intelligence (AI) CEO Mark Zuckerberg announced his initiatives on Friday.
In a post On FacebookZuckerberg announced that 2025 will be a “defining year for artificial intelligence” and said he expects “the company's meta AI to be the leading assistant serving more than 1 billion people, Llama 4 to become the leading art model, and “We'll be able to build an AI engineer that will start contributing an increasing amount of code to our R&D efforts.”
Meta CEO Mark Zuckerberg delivered the keynote address at the company's annual Meta Connect event on September 25, 2024 at the company's headquarters in Menlo Park, California. (Reuters/Manuel Orbegozo/Reuters)
The founder of Meta said that Meta is building a massive data center to power it all and has plans to invest between $60 billion and $65 billion in 2025, adding, “And we have the capital to continue investing in the years to come.” We have.”
Meta's latest move is aimed at strengthening the company's position against OpenAI rivals And Google In the race to dominate artificial intelligence.
Elon Musk and tech leader Sam Altman engaged in a war of words over the AI infrastructure project
Big tech companies have invested tens of billions of dollars to develop AI infrastructure after the success of OpenAI's ChatGPT.
Meta CEO Mark Zuckerberg announced on Friday that the company is ramping up its AI investments in 2025. (Jens Boettner/Etihad Image via Getty Images/Getty Images)
Meta's announcement was made a few days later President Donald Trump announced that OpenAI, SoftBank and Oracle will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States.
Earlier this month, Microsoft said it plans to invest about $80 billion in data center expansion in fiscal 2025, while Amazon.com said it will spend more in 2025 than the $75 billion it estimated in 2024. will be
| ticker | security | the last | change | change % |
|---|---|---|---|---|
| Meta | META PLATFORMS INC. | 647.49 | +11.04 |
+1.73% |
Meta has emerged as a major player in the AI race with its AI chatbot, Ray-Ban smart glasses, and open source approach, which sets it apart from its competitors and allows consumers and most businesses Use Llama AI models for free.
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Capital expenditures of $60 billion to $65 billion identified for 2025 are a significant jump from the company's estimated spending of $38 billion to $40 billion last year. It's also higher than analysts' estimate of $50.25 billion in 2025, according to LSEG data.
Reuters contributed to this report.