Meta to spend up to US$65bil on AI this year


Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, arrives for the 60th presidential inauguration in Emancipation Hall of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025. Donald Trump's Monday swearing-in marks just the second time in US history that a president lost the office and managed to return to power - a comeback cementing his place within the Republican Party as an enduring, transformational figure rather than a one-term aberration. Photographer: Shawn Thew/EPA/Bloomberg

NEW YORK: Meta Platforms plans to spend as much as US$65bil this year to expand its artificial intelligence (AI) infrastructure, chief executive Mark Zuckerberg says, aiming to bolster the company’s position against rivals OpenAI and Google in the race to dominate the technology.

As part of the investment, Meta will ramp up hiring for AI roles and build a more than two gigawatt (GW) data centre that would be large enough to cover a significant part of Manhattan.

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