Meta Spending to Soar on AI, Massive Data Center
Mark Zuckerberg announced a huge leap in Meta’s capital spending this year to between $60 billion to $65 billion, an increase driven by AI and a massive new data center.The 70% increase over 2024 capital expenditure projections comes days after OpenAI and partners unveiled a $500 billion spending plan backed by President Trump called Stargate earlier this week.
Tech giants to invest up to $500B for new US data centers
OpenAI, SoftBank and Oracle will fund the creation of 10 facilities during the initial phase of the Stargate initiative, with the option to increase to 20.
Meta to Invest Up to $65B in 2025 Into Data Center, AI
Meta Platforms plans to invest up to $65 billion in capital expenditures in 2025 to expand efforts related to data centers and artificial intelligence. Chief Executive Mark Zuckerberg said the social-media company will build a 2-gigawatt-plus data center and will end the year with more than 1.
Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
Meta to Spend as Much as $65 Billion on AI Efforts 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 datacenter and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday.
Zuckerberg to shell out $65B for AI data center that can cover 'significant part of Manhattan'
Meta Platforms (NASDAQ:META) is planning to spend $60B to $65B to build out the company's artificial intelligence infrastructure, CEO Mark Zuckerberg said through his official account in a Facebook post Friday.
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Revolutionizing Data Center Power Management in 2025
Edge Computing at nVent, explains why the power challenges of tomorrow’s data centers demand bold thinking and innovative ...
Behind $500 billion AI data center plan, US startups jockey with tech giants
This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing ...
Amperesand targets data centers as the next big customer for its solid-state transformers
“We’ve got about 90 gigawatts [of data centers] globally in 2023, and that’s going to increase to over 185 gigawatts by 2028, ...
Proposed bill would mandate study on environmental, energy, economic impacts of data centers
A proposed bill in the Maryland General Assembly seeks to create an analysis and report about the economic, environmental and ...
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Mukesh Ambani plans to build world’s largest AI data center
India could soon host the world’s biggest data center by capacity through Reliance Group under billionaire Mukesh Ambani’s ...
OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.
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Data Centers Claim Prominent Place On Trump Administration's Agenda
A $500B JV and an executive order that could speed up data center builds - Trump's second term is already shifting the data ...
Could more data centers come to Oklahoma? UAE-based company announces $20B investment plan
A UAE investment firm planned to expand across eight states in the sunbelt. Government officials commented on the potential ...
Microsoft relaxes data center grip on OpenAI amid $500 bln joint venture
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint ...
Texas continues to grow as tech hub with $1 billion data center project
Texas' growth as a technology and data homebase isn't slowing down anytime soon. This week, three firms announced the ...
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Much of the investment will go into increasing the company’s footprint in data centers, which provide the computing power ...