Meta to Increase Spending to $65 Billion This Year in A.I. Push
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025, he plans to put his money where his mouth is.
On Friday, Mr. Zuckerberg said the company expected its capital expenditures in 2025 to come in at an estimated $60 to $65 billion, a big increase compared with the roughly $38 to $40 billion Meta spent in 2024.
Much of that amount will go building and expanding data centers, the warehouse-size buildings that provide the computing power that fuels Meta’s A.I. products and algorithms across its apps, which include Facebook, Instagram and WhatsApp.
“This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership,” Mr. Zuckerberg said in a post to his Facebook page.
He noted that the company also expected to own more than 1.3 million graphics processing units, or GPUs, by the end of the year. A GPU is a type of computer chip that excels in the type of computing power required for A.I. systems. As A.I.-powered apps and products have grown more popular in recent years, there is a shortage of GPUs across the industry, with tech companies big and small vying to purchase as many as they can from companies like Nvidia.
And despite many layoffs and cutbacks to the company’s work force over the past three years, Mr. Zuckerberg said that he planned to continue hiring “significantly” to grow the teams responsible for working on A.I. and related products.
