Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
Publishing timestamp: 2025-01-24 15:41:18
Summary
Meta CEO Mark Zuckerberg announced plans to invest around $60-65 billion in capital expenditures in 2025 to build out its AI infrastructure, including a large data center in Manhattan. Despite the company's focus on AI, it may take time before investors see the benefits.
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Keywords: business news, enterprise, mark zuckerberg, social media, meta platforms inc, technology, internet, breaking news: technology,