Meta CEO Mark Zuckerberg arrives at lunch on the day of the inauguration of US President Donald Trump’s second presidential term in Washington, the United States, January 20, 2025 Will watch at the meeting.
Evelyn Hochstein | Reuters
Yuan CEO Mark Zuckerberg On Friday, the company planned to invest about $60 billion to $65 billion in capital expenditures in 2025 as it continues to build AI infrastructure.
Zuckerberg said 2025 will be “a defining year for AI” and that Meta is building a massive data center “covering a significant portion of Manhattan” to power its AI products. In addition, Meta will have about 1 gigawatt on the computer in the form of more than 1.3 million graphics processing units, he said.
“This is a massive effort that will advance our core products and businesses, unlock historic innovation and expand American technology leadership for years to come,” Zuckerberg wrote. Post on Facebook.
Following the announcement, Meta stock hit a new all-time high in Friday trading.
The company has been pouring billions of dollars In recent years, entry into AI and related research and development have been stepped up, but this is a fiercely competitive market and it will take time to start reaping these benefits. Zuckerberg said in an April call with investors that he wanted to see a “multi-year investment cycleThat’s before Meta’s AI offerings will be expanded into profitable services, but he also noted that the company has a “strong track record” in the sector.
The Yuan stock price plummeted 16% at that time. The company still generates the vast majority of its revenue from digital advertising.
Zuckerberg said on Friday that he wants the company’s Meta AI digital assistant to become “the leading assistant for more than a billion people.” Mehta has also established an AI engineer who will contribute “increasing amounts of code” to our R&D efforts, Zuckerberg added.
“We have the capital to continue investing for years to come,” he wrote in a Facebook post.
