Jason Miller, a senior adviser on Trump Vance’s transition, weighs in on Trump’s New York criminal case, Hunter Biden’s pardon and the potential role some prominent public figures could play in Trump’s policies. We are discussing the promotion of layoffs.
Facebook and Instagram owner Meta Platforms plans to spend as much as $65 billion this year alone to build on the social media companies’ artificial intelligence (AI) initiatives.
In a Facebook post, Zuckerberg declared 2025 “to be a defining year for AI,” adding, “We expect meta-AI to become the leading assistant serving more than 1 billion people, and R&D.” Build AI engineers who will start contributing more and more code to our efforts.”
Meta CEO Mark Zuckerberg delivers the keynote address at Meta Connect’s annual event held at the company’s headquarters in Menlo Park, California, on September 25, 2024. (Reuters/Manuel Orbegoso/Reuters)
The founders said Meta plans to invest $60 billion to $65 billion in 2025 and is building massive data centers to power it all, adding, “And we’re looking forward to a number of We have the capital to continue investing throughout the year,” he added.
Meta’s latest move is aimed at strengthening the company’s position against rivals Open Ally and Google in the race to dominate AI.
Elon Musk and Tech Leader Sam Altman enter a war of words over AI infrastructure projects
Big tech companies are investing tens of millions of dollars to develop their AI infrastructure after the success of Openai’s ChatGPT.
Meta CEO Mark Zuckerberg announced on Friday that the company is accelerating AI investments in 2025. (Photo Alliance by Jens Büttner/Getty Images/Getty Images)
Meta’s announcement comes days after President Donald Trump announced that Openai, Softbank, and Oracle will form a venture called Stargate to invest $500 billion in AI infrastructure across the United States.
Trump announced the largest AI infrastructure project ‘in history’ including SoftBank, Openai, and Oracle
Earlier this month, Microsoft said it plans to spend about $80 billion developing data centers in fiscal year 2025, while Amazon.com said 2025 spending will exceed the estimated $75 billion in 2024. .
Ticker Security Last Change Change% Meta Meta Platform Inc. 647.49+11.04 +1.73%
Meta has emerged as a key player in the AI race with AI chatbots, Ray-Ban smart glasses, and an open source approach. This sets us apart from our competitors by making Llama AI models available to consumers and most businesses for free.
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The $60 billion to $65 billion in capital expenditures outlined for 2025 is a significant jump of $38 billion to $40 billion from our estimated spending last year. It also exceeds analysts’ estimates of $525 billion in 2025, according to LSEG data.
Reuters contributed to this report.
