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Zuckerberg says Meta to spend up to $65 Billion on AI in 2025
Meta Platforms Inc. plans to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday.
(Bloomberg) -- Meta Platforms Inc. plans to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday. “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,” Zuckerberg wrote in the post. Angelo Zino, CFA Equity analyst and senior vice president at CFRA Research, joins us and talks about how the company Meta Platforms Q3 revenue meets its estimates.
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