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Jason Miller, senior adviser on the Trump-Vance transition, discusses the push for a dismissal in Trump’s New York criminal case, Hunter Biden’s pardon and the potential roles some prominent public figures could play in the Trump’s policies.
Facebook and Instagram owner Meta Platforms plans to spend up to $65 billion this year alone to leverage the social media company’s resources. artificial intelligence (AI) initiatives, CEO Mark Zuckerberg announced Friday.
In a post on FacebookZuckerberg declared that 2025 “will be a defining year for AI,” and said he expects the company’s “Meta AI to be the leading assistant serving more than 1 billion people, Llama 4 will become the state-of-the-art model and we build an AI engineer who starts contributing increasing amounts of code to our R&D efforts.”
Meta CEO Mark Zuckerberg delivers a keynote speech during the annual Meta Connect event at the company’s headquarters in Menlo Park, California on September 25, 2024. (Reuters/Manuel Orbegozo/Reuters)
The founder said Meta is building a massive data center to power it all, with plans to invest $60 billion to $65 billion by 2025, adding, “and we have the capital to continue investing in the coming years “.
Meta’s latest move aims to strengthen the company’s position against OpenAI rivals and Google in the race to dominate AI.
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Big tech companies have been investing tens of billions of dollars to develop AI infrastructure following the success of OpenAI’s ChatGPT.
Meta CEO Mark Zuckerberg announced Friday that the company will increase its investments in AI by 2025. (Jens Büttner/Photo Alliance via Getty Images/Getty Images)
Meta’s announcement comes just days later President Donald Trump announced that OpenAI, SoftBank and Oracle will form a company called Stargate and invest $500 billion in AI infrastructure in the United States.
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Earlier this month, Microsoft said it planned to spend about $80 billion in fiscal 2025 to develop data centers, while Amazon.com said its 2025 spending would be more than $75 billion estimated in 2024.
| Ticker | security | last | change | % change |
|---|---|---|---|---|
| TARGET | META PLATFORMS INC. | 647.49 | +11.04 |
+1.73% |
Meta has become a major player in the AI race with its AI chatbot, Ray-Ban smart glasses and open source approach, which sets it apart from rivals by allowing consumers and most companies use their AI Llama models for free.
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Capital spending of $60 billion to $65 billion outlined for 2025 would mark a significant jump from the company’s estimated spending of $38 billion to $40 billion last year. It’s also above analysts’ estimate of $50.25 billion by 2025, according to LSEG data.
Reuters contributed to this report.
