The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
Midlevel staff are often the first targets of corporate downsizing efforts, but Meta’s plan to replace an entire tier of people with AI is a new wrinkle on an old story.
Meta Platforms plans to invest $60-$65 billion in 2025 to enhance its AI infrastructure, aiming to compete with OpenAI and Google. CEO Mark Zuckerberg envisions their AI, Llama 4, becoming the industry benchmark and expects it to serve over 1 billion users by 2025.
Mark Zuckerberg' Meta assembled several"war rooms" of engineers, as The Information reports, in an attempt to get ahead of DeepSeek.
Meta CEO Mark Zuckerberg expects to spend as much as $65 billion on AI in 2025 as part of a “massive effort” to further the company’s AI ambitions. Part of the plan includes a Louisiana data center that Zuckerberg says “is so large it would cover a significant part of Manhattan,” he wrote on Threads today.
Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.
DeepSeek, the new chatbot that seemingly dethroned ChatGPT, is all over the news. Here's everything that happened in the last 24 hours.
Meta CEO Mark Zuckerberg said the company plans to up its capital expenditures in 2025 as it aims to keep pace with rivals in the AI space.
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.
Meta Platforms CEO Mark Zuckerberg announced the social media company plans to spend as much as $65 billion this year alone to build on its artificial intelligence efforts.
Samsung’s Galaxy S25 series launched, OpenAI’s first AI agent Operator debuts, Mark Zuckerberg lists AI goals for 2025, Meta testing ads on Threads, and potential control of TikTok by Oracle and Microsoft under a new plan.