Met CEO Mark Zuckerberg looks on before lunch on the inauguration day of U.S. President Donald Trump’s second term in Washington, U.S., on January 20, 2025.
Evelyn Hockstein | Reuters
Target Executive Director Mark Zuckerberg On Friday, he announced that the company plans to invest about $60 billion to $65 billion in capital expenditures in 2025 as it continues to build its artificial intelligence infrastructure.
Zuckerberg said 2025 will be a “decisive year for AI” and that Meta is building a large data center that will “cover a significant portion of Manhattan” to power its AI offering. In addition, Meta will bring about 1 gigawatt in computing and end the year with more than 1.3 million graphics processing units, he said.
“This is a massive effort, and over the coming years it will advance our core products and business, unlock historic innovation, and extend America’s technology leadership,” Zuckerberg wrote in fast on Facebook.
Meta shares closed Friday at $647.49, a new high after the announcement.
The company was pouring billions of dollars AI and related research and development have increased in recent years, but it’s a fiercely competitive market and it will take time before investors start to reap those benefits. In an April call with investors, Zuckerberg said he expected to see “multi-year investment cycleBefore Meta AI products grow into profitable services, he also noted that the company has a “strong track record” in that department.
Met shares fell 16% at the time. The company still generates the vast majority of its revenue from digital advertising.
Zuckerberg said Friday that he expects the company’s Meta AI digital assistant to become “the leading assistant serving more than a billion people.” Meta is also building an AI engineer who will contribute “increasing the amount of code to our research and development efforts,” Zuckerberg added.
“We have the capital to continue investing in the years ahead,” he wrote in his Facebook post.
