"This will be a defining year for AI," Mack Zuckerberg, Meta CEO, said in a Facebook post. "This is a massive effort, and over the coming years it will drive our core products and business."

Zuckerberg anticipates that Meta's AI assistant will serve more than 1 billion people in 2025, up from approximately 600 million monthly active users in 2024. Meta Platforms has announced plans to invest up to $65bn this year to expand its artificial intelligence (AI) infrastructure.

Meta Platforms CEO Mark Zuckerberg stated the company plans to invest $60 billion to $65 billion in CAPEX to increase its AI infrastructure.

Meta CEO Mark Zuckerberg said his company will spend up to $65 billion as it looks to "significantly" grow its artificial intelligence team

CEO Mark Zuckerberg announced that Meta Platforms (META.O) plans to invest as much as $65bn in 2025 to expand its artificial intelligence (AI) infrastructure. This substantial investment aims to bolster Meta’s AI capabilities and strengthen its competitive position against rivals such as OpenAI and Google in the rapidly evolving AI market.

"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."

Zuckerberg went on to say that Meta is building a data center of over two GW (gigawatts, a big amount of energy) "that is so large it would cover a significant part of Manhattan."

Meta Platforms (META.O), opens new tab plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday.The investment aims to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology,