Meta Plans To Channel Up To $65 Billion In Capital Expenditures This Year
Posted: Jan 24, 2025
- Meta Platforms plans to invest between $60 billion and $65 billion in capital expenditures in 2025
- This investment aims to enhance the company's AI capabilities
- CEO Mark Zuckerberg announced the creation of an AI engineer to boost research and design operations
- Despite the announcement, Meta's shares fell by about 1% in pre-market trading
- The company is pivoting towards more integrated and advanced technological solutions in the future
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