CEO Mark Zuckerberg said Friday that the meta platform plans to invest as much as $65 billion (approximately Rs 561,908 crore) in projects related to AI in 2025, including building a Huge new data center and increased recruitment for AI teams.
Zuckerberg said in a Facebook post that the company intends to use funds to build a data center “so big that it covers a large portion of Manhattan.” He added that META plans to revolve around online computing power in 2025, he added , and is expected to end with more than 1.3 million graphics processing units.
“This is a huge effort and in the coming years it will drive our core products and businesses, unlock historical innovations and expand U.S. technology leadership,” Zuckerberg wrote in his post.
Meta has made substantial investments in AI over the past few years, recently announcing a new $10 billion (about Rs 864,400 crore) data center in Louisiana. It also purchased new computer chips to power products such as its AI assistant and Thunderbolt smart mirror. Zuckerberg added that Meta will “greatly develop our AI team” in 2025.
Zuckerberg’s announcement is a $100 billion (about Rs 864,404 crore) joint venture announced by Openai, Softbank Group Corp. and Oracle Corp., known as Stargate to build data centers and AI foundations Facilities project.
Meta’s projected capital expenditure this year is about 50% higher than the company’s estimated spending in 2024 and more than triple the capital expenditure in 2023. The company is expected to provide its final 2024 capital expenditure figures as of January 29 when it announces its quarter-quarter.
Zuckerberg said last summer that the dollar and its competitors may have surpassed AI, but the risk of losing billions of dollars is better than the lack of major changes on computers.
“I think a lot of companies have meaningful opportunities right now, and now you look back and you’re like, ‘Oh, we might have spent billions of dollars on Zuckerberg’s Emily in July. Zhang said. “On the other hand, I actually think that all the companies investing in have made reasonable decisions because the downside is that you are not suitable for the technology that matters most in the next 10 to 15 years. ”
According to Bloomberg’s estimates, Wall Street expects the dollar to allocate $51.3 billion (approximately Rs 443,444 crore) in capital expenditure in 2025. Meta’s stock was initially news during pre-sales trading, but after the New York Stock Exchange opened, the stock rose 1.7%, reflecting analyst optimism. Broadcom Inc., a leading provider of chip design services for companies including Yuan, rose 3.9% after Zuckerberg’s announcement.
“Meta’s sharp rise in capital expenditure to US$65 billion (approximately Rs 561,908 crore) in 2025, far higher than last year and consensus, may be the best use of its capital, driving future growth , and position itself as a leader. AI capabilities,” Bloomberg Intelligence senior credit analyst Robert Schiffman wrote Friday.
It is unconventional for Zuckerberg to decide to post a spending plan on Facebook five days ahead of the company’s quarterly earnings announcement. Companies typically publish such forecasts in their financial results or formal regulatory applications and press releases.
But federal regulators have ruled in the past that most social media platforms are suitable for companies to use to disclose material information to investors.
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(This story has not been edited by Tech Word News’s staff and is automatically generated from the joint feed.)
