Meta will spend $65 billion on AI projects this year and build a giant data center

Meta✴ Platforms CEO Mark Zuckerberg announced the company’s plans to invest up to $65 billion in projects related to artificial intelligence in 2025. These capital expenditures include the construction of a giant new data center and increased hiring of AI technology teams.

Image source: Jordan Harrison

The company will use part of the funds to build a data center, which, according to Zuckerberg, will be “so large that it could cover a large part of Manhattan.” Meta✴ plans to field about 1 GW of computing power in 2025 and is projected to end the year with more than 1.3 million GPUs, it added.

«These are enormous efforts, and in the coming years they will stimulate the development of our main products and businesses, open historical innovations and strengthen American technological leadership, ”Tsuckerberg wrote in his message.

Meta✴, like other leading technology companies, is seeking to build larger data centers to meet the growing need for powerful computing systems to develop more advanced AI models, Bloomberg noted.

Earlier this week, OpenAI, SoftBank Group and Oracle announced a joint venture called Stargate to build data centers and AI infrastructure projects in the United States. The companies plan to invest up to $500 billion over four years, with the support of several other large technology corporations.