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 core products and business.”
Zuckerberg expects Meta’s AI assistant available across all of his services, including Facebook and Instagram, to serve more than 1 billion people by 2025, while his Source Llama 4 would become “the ultimate art model.” .
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 2025 capital spending would be higher at about $75 billion. dollars in 2024.
Meta’s planned capital expenditures of up to $65 billion would mark a significant jump from last year’s estimated capital expenditures of $38 billion to $40 billion.
As part of its AI efforts, the company said it will build an AI engineer who will begin contributing increasing amounts of code to its research and design efforts.
It will also continue to grow the teams working on AI services.
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