Meta CEO Mark Zuckerberg announced on Friday the social media company will nearly double its spending this year as it focuses on artificial intelligence (AI) development in the new year.
Meta is planning to invest $60 to $65 billion in 2025, Zuckerberg said Friday in a post on Facebook. The spending plan marks a sharp increase from the $38 to $40 billion Meta reportedly spent last year.
“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,” Zuckerberg wrote.
“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. Let’s go build!” he added.
A chunk of spending is expected to be spent on data centers which will give the computational power and storage space needed for AI development. Zuckerberg said one data center will be “so large it would cover a significant part of Manhattan.”
The company is also planning to acquire more than 1.3 million graphic processing units (GPUs), a type of computer chip used AI machine learning.
Zuckerberg last year said the company was training its next generation of AI models to build upon Meta’s Llama open-source AI models. He followed this up on Friday by stating Llama 4, which has yet to be released, will “become the leading state of the art model.”
Several leading technology companies are investing unprecedented amounts of money into AI development as they seek to keep up in the highly competitive space. Companies like Google, Microsoft and Amazon have invested billions into their own AI infrastructure in recent years.
President Trump on Tuesday announced the creation of a new project to invest up to $500 billion in building AI infrastructure over his second term.
The joint project, called Stargate, will invest up to $500 billion in AI infrastructure with the goal to create over 100,000 U.S. jobs. OpenAI, Softbank and Oracle as initial equity investors.
