Meta Platforms plans to spend between $60 billion and $65 billion this yr to construct out AI infrastructure, CEO Mark Zuckerberg said Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
As a part of the investment, Meta will construct a greater than 2-gigawatt data center that might be large enough to cover a big a part of Manhattan.
The corporate — considered one of the most important customers of Nvidia’s coveted artificial intelligence chips — plans to finish the yr with greater than 1.3 million graphics processors.
“This will likely be a defining yr for AI,” Zuckerberg said in a Facebook post. “It is a massive effort, and over the approaching years it is going to drive our core products and business.”
Zuckerberg expects Meta’s AI assistant — available across its services, including Facebook and Instagram — to serve greater than 1 billion people in 2025, while its open-source Llama 4 would develop into the “leading state-of-the-art model.”
Shares of the corporate were 1.6% higher in early trading.
Big technology corporations have been investing tens of billions of dollars to develop AI-related infrastructure after the meteoric success of OpenAI’s ChatGPT highlighted the potential for the technology.
President Trump on Tuesday announced that OpenAI, SoftBank Group and Oracle will form a enterprise called Stargate and invest $500 billion in AI infrastructure across the USA.
Earlier this month, Microsoft said it was planning to speculate about $80 billion in fiscal 2025 to develop data centers, while Amazon has said its capital spending for 2025 could be higher than an estimated $75 billion in 2024.
Meta’s planned capital spending of as much as $65 billion would mark a big jump from its estimated capital spending of $38 billion to $40 billion for last yr.
As a part of the AI efforts, the corporate said it might construct an AI engineer that may start contributing increasing amounts of code to its research and design efforts.
It’ll also proceed to grow the teams working on AI services.
