Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.

Meta Platforms CEO Mark Zuckerberg revealed that the social network is planning to invest about $60 billion to $65 billion in AI infrastructure.

The company intends to use the funds to build a data center “so large that it would cover a significant part of Manhattan,” Zuckerberg said in a Facebook post.