Mark Zuckerberg wants to spend $60B on building data centers this year
Meta’s capital expenditures for this year are expected to range from $60 billion to $65 billion, the New York Times reported, citing a Facebook post from the company leader. That’s a massive jump from the $38 billion to $40 billion the company spent last year.
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Meta Platforms Inc. plans to invest as much as $65 billion on projects related to artificial intelligence in 2025.
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The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
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