I=10
Meta to invest $60-65B this year in Capex and grow AI team significantly
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CEO Mark Zuckerberg said Meta will spend $60-65B this year in Capex and grow AI team significantly.
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Analysts were projecting $52.15 billion.
" I expect Meta AI will be the leading assistant serving more than 1 billion people, Llama 4 will become the leading state of the art model, and we’ll build an AI engineer that will start contributing increasing amounts of code to our R&D efforts, " he said.
“Meta is building a 2GW+ datacenter that is so large it would cover a significant part of Manhattan. We’ll bring online ~1GW of compute in '25 and we’ll end the year with more than 1.3 million GPUs. We’re planning to invest $60-65B in capex this year while also growing our AI teams significantly, and we have the capital to continue investing in the years ahead,” he added.