Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth

CNBC January 24, 2025
Ashley Capoot

Key Points

– Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 billion to $65 billion in capital expenditures this year as it builds out its AI infrastructure.

– Meta is building a large data center that “would cover a significant part of Manhattan” to power its AI offerings and will end the year with 1.3 million GPUs, Zuckerberg said.

– “We have the capital to continue investing in the years ahead,” Zuckerberg wrote in a Facebook post.

Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 billion to $65 billion in capital expenditures in 2025 as it continues to build out its artificial intelligence infrastructure.

Zuckerberg said 2025 will...

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