By Reuters
January 24, 2025 – 7:01 AM PST
Advertisement
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
As part of the investment, Meta (META.O) will build a more than 2-gigawatt data center that would be large enough to cover a significant part of Manhattan. The company — one of the largest customers of Nvidia’s (NVDA.O) coveted artificial intelligence chips — plans to end the year with more than 1.3…
