Meta Will Spend Record $60 Billion On AI This Year, Zuckerberg Says—After Trump Announces Stargate Deal With OpenAI
The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
Meta nearly doubling spending with eye toward AI
Meta CEO Mark Zuckerberg announced on Friday the social media company will nearly double its spending this year as it focuses ...
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing ...
Meta seeks urgent fix to AI chatbot's confusion on name of US president
The inability of Meta's AI chatbot to identify the current president of the United States was elevated to urgent status by the Facebook owner this week, requiring a fast fix, a person familiar with ...
Early Facebook investor Jim Breyer says Zuckerberg has been ‘revitalized' by Meta's AI push
Venture capitalist and early Facebook investor Jim Breyer said Meta CEO Mark Zuckerberg has been energized by his company’s ...
Ex-Google, Meta Execs Building Emotionally Aware AI Sales Agents
Three former engineering leaders from Alphabet Inc.’s Google, Meta Platforms Inc. and Samsung Electronics Co. have raised $10 million for a new startup focused on making artificial ...
Meta backs data analytics firm Databricks as AI boom attracts investors
Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the ...
Meta Stock Had a Great 2024. These Analysts Are Still Upbeat.
Meta Platforms had a stellar 2024 and BofA Securities sees further upside. Analysts Justin Post and Nitin Bansal reiterated a ...