Meta to Increase Spending to $65 Billion This Year in A.I. Push
Published On Jan 24, 2025, 9:39 AM
Meta Platforms Inc. is significantly increasing its capital expenditures in 2025 to between $60 and $65 billion, up from approximately $38 to $40 billion in 2024. This increase is primarily aimed at expanding its data centers, which are essential for supporting its artificial intelligence products and algorithms used in its platforms like Facebook, Instagram, and WhatsApp. Alongside this expansion, Meta plans to significantly increase its workforce focused on AI initiatives. Additionally, the company aims to own over 1.3 million graphics processing units (GPUs) by the end of 2025, amid a growing competition for GPU resources within the tech industry.
Stock Forecasts
META
Positive
Meta's aggressive investment in data centers and AI technology positions it strongly for future growth, especially as demand for AI applications continues to rise. This positions Meta as a competitive player in the tech landscape, likely boosting investor confidence and stock performance.
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