Meta’s $65 billion ‘AI answer’ to OpenAI, Oracle and other companies’ Stargate project

Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, plans to spend up to $65 billion in 2025 to dramatically expand its artificial intelligence infrastructure, CEO Mark Zuckerberg announced.

The substantial capital expenditure represents a significant increase from the company’s $38-40 billion spending in 2024. Zuckerberg aims to position Meta as a leading AI technology developer, with ambitious goals including building a data center large enough to cover a substantial portion of Manhattan and acquiring over 1.3 million graphics processing units (GPUs) by year’s end.