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Meta to spend up to $65B on massive AI data center
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.
Meta to spend up to $65B on massive AI data center: ‘Defining year for artificial intelligence’
Zuckerberg expects Meta’s AI assistant — available across its services, including Facebook and Instagram — to serve more than 1 billion people in 2025.
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.
OpenAI, Stargate and Data Center
First data center for Trump administration's Stargate AI initiative coming to Abilene
Stargate's first data center campus, located in Abilene, will be about 875 acres, but only says it will create at least 57 jobs.
OpenAI’s $100 Billion Stargate Data Center in Texas Will Reportedly Only Employ 57 People
Despite its massive scale, Stargate intends to employ “at least” 57 full-time employees earning an average wage of just $57,600 annually, according to documents seen by Bloomberg regarding the ambitious data center project.
Musk Clashes With OpenAI CEO Sam Altman Over Trump-Supported Stargate AI Data Center Project
It's the latest in a feud between the two billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president.
1d
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 ...
3h
on MSN
Elon Musk’s xAI is buying equipment — and getting a tax break — for an X data center in Atlanta, documents show
It's the first step that Elon Musk’s artificial intelligence company has taken into Georgia, and is the latest indication of ...
2d
on MSN
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, ...
6h
Durham firm rides Big Tech's data center wave
That includes Durham’s FlexGen, which is building out its Triangle operation with “elite” hires. The company, which offers ...
2d
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 ...
12d
on MSN
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 ...
Live Mint on MSN
6h
Behind Mukesh Ambani's Plan to Build World's Largest Data Centre in India
Reliance Industries chairman Mukesh Ambani is all set to build the world's largest data centre in Gujarat's Jamnagar, news ...
5h
on MSN
Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says
By Jaspreet Singh (Reuters) -Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, ...
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