Meta Platforms plans to spend between $60 billion and $65 billion this year to build AI infrastructure, CEO Mark Zuckerberg said Friday, joining a wave of big tech firms unveiling big investments to capitalize on the technology. .
As part of the investment, Meta will build a more than 2-gigawatt data center that would be large enough to cover a significant portion of Manhattan.
The company — one of the biggest customers of NVIDIA’s coveted artificial intelligence chips — plans to end the year with more than 1.3 million graphics processors.
“This is going to be a defining year for AI,” Zuckerberg said in a Facebook post. “This is a massive effort, and over the next few years it will drive our products and our business.”
Zuckerberg expects Meta’s AI assistant—available on its services—including Facebook and Instagram—to serve more than 1 billion people by 2025, while the open-source Llama 4 would become “the state of the art.”
The company’s shares were 1.6% higher in early trading.
Big tech companies have invested 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 venture called Stargate and invest $500 billion in AI infrastructure across the United States.
Earlier this month, Microsoft said it was planning to invest about $80 billion in fiscal 2025 to develop data centers, while Amazon has said its capital spending for 2025 would be higher than about 75 billion dollars in 2024.
Meta’s planned capital expenditures of up to $65 billion would mark a significant jump from its estimated capital expenditures of $38 billion to $40 billion for last year.
As part of its AI efforts, the company said it will build an engineer who will begin contributing to increasing amounts of code in its lottery and design efforts.
It will also continue to grow the teams working on AI services.
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