Mark Zuckerberg announced a huge leap in Meta’s capital spending this year to between $60 billion to $65 billion, an increase driven by AI and a massive new data center.
The 70% increase over 2024 capital expenditure projections comes days after OpenAI and partners unveiled a $500 billion spending plan backed by President Trump called Stargate earlier this week.
“This will be a defining year for AI,” Zuckerberg said in a post on Facebook. “This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership. Let’s go build!”
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