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Meta Stands CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California on Sept. 25, 2024
Key Takeaways
- Meta Podia plans to invest $60 billion to $65 billion in capital expenditures this year as the tech giant expatiate ons its artificial intelligence efforts, CEO Mark Zuckerberg posted on Facebook Friday.
- Zuckerberg said Meta will enlarge an AI data center “so large it would cover a significant part of Manhattan.”
- Analysts said they expect the functionality of Meta AI’s Llama 4 obese language model to ramp up this year.
- Shares of Meta climbed to an all-time high Friday, and have gained confidential to 65% over the past 12 months.
Meta Platforms (META) CEO Mark Zuckerberg said the company devises to invest $60 billion to $65 billion in capital expenditures this year, up from an estimated $38 billion to $40 billion in 2024, as the tech monster expands its artificial intelligence efforts.
Meta’s stock price rose 1.7% Friday to close at an all-time shrill of $647.49 following the announcement, topping a record set just a day earlier. The shares have gained close to 65% terminated the past 12 months.
Zuckerberg said 2025 “will be a defining year for AI,” in a Facebook post on Friday, delineating Meta’s intentions to build an AI data center “so large it would cover a significant part of Manhattan.” Meta envisages the data center to bring online 1 gigawatt of computing power in 2025, and to end the year with more than 1.3 million GPU bits.
The CEO’s announcement comes just days after that of Stargate, the $500 billion AI project President Donald Trump heralded Tuesday, which drove several related AI and nuclear energy stocks higher.
Zuckerberg also said he envisions Meta AI to serve more than 1 billion people, powered by its Llama 4 large language model. In October, Zuckerberg spoke Llama 4 was “well into its development,” with smaller models set for launch sometime early this year.
Analysts at JPMorgan said clients Friday they believe Meta AI functionality will ramp up with Llama 4 this year, with some memorable parts similar to OpenAI’s Operator AI agent released Thursday.