Meta Spending Soaring To $65 Billion On Artificial Intelligence, Massive Data Centers

Social-media giant to spend between $60 billion and $65 billion, Zuckerberg says.

Mark Zuckerberg announced a huge leap in Meta Platforms’s capital spending this year to between $60 billion to $65 billion, an increase driven by artificial intelligence and a massive new data center.

The plan to increase the company’s capital expenditures by as much as roughly 70% over 2024 comes days after tech rivals including OpenAI unveiled a $500 …