Meta Platforms(META)
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Meta plans to invest $60 bn or more in AI this year
Techxplore· 2025-01-24 21:02
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Meta CEO Mark Zuckerberg, pictured here at US President Donald Trump's inauguration on January 20, 2025, says the giant tech company is building a new datacenter so big it would cover much of Manhattan. Meta chief executive Mark Zuckerberg on Friday said the tech giant plans to invest at least $60 billion in artificial intellige ...
Meta Is Still A Strong Buy
Seeking Alpha· 2025-01-24 21:01
The last time we discussed Meta Platforms (NASDAQ: META ) the stock offered us a solid buying opportunity around the $420 level. Since then, Meta has surged by nearly 50%, and despite some turbulence, Meta had an excellent year in 2024. Meta is a leading playerAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2024 69% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each m ...
Meta scrambles to fix AI chatbots that still calling Joe Biden the president
New York Post· 2025-01-24 19:11
Meta activated an urgent status to fix the problem of its AI chatbots saying Joe Biden is still the president this week, according to a report.On Thursday, Meta’s artificial intelligence bots across Facebook, Instagram and WhatsApp were still telling inquisitive users that the US president is Joe Biden – despite Donald Trump’s inauguration on Monday, according to a Reuters report.When asked to name the president, Meta’s chatbot told the outlet: “The current president of the United States is Joe Biden. Howev ...
Meta to begin testing ads on Threads, its micro-blogging app
CNBC· 2025-01-24 18:54
Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday.The experiment marks Meta's first run at generating revenue from Threads, an app that the company launched in July 2023 to rival X, the company formerly known as Twitter that Elon Musk purchased for $44 billion in late 2022."We'll closely monitoring this test before scaling it more broadly, with the goal of getting ads on Threads to a place where they are as int ...
Meta to spend up to $65B on massive AI data center: ‘Defining year artificial itelligence'
New York Post· 2025-01-24 16:31
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.As part of the investment, Meta 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 coveted artificial intelligence chips — plans to end the year with more than ...
Meta profits from known pro-Russian disinfo network: researchers
Techxplore· 2025-01-24 16:10
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Meta said it was 'the first tech company to uncover the campaign' by Doppelganger. Social media giant Meta made hundreds of thousands of dollars last year from content posted by a well-known pro-Russian disinformation network, researchers have claimed. Tens of thousands of Facebook users in France, Germany, Poland and Italy we ...
Meta Will Spend Record $60 Billion On AI This Year, Zuckerberg Says—After Trump Announces Stargate Deal With OpenAI
Forbes· 2025-01-24 15:54
ToplineMeta will rapidly ramp up its spending in 2025 as part of its artificial intelligence push, according to its centibillionaire CEO Mark Zuckerberg announced Friday, as the battle between Meta and its generative AI competitors including OpenAI and Elon Musk’s xAI comes to the forefront this week with President Donald Trump’s announcement of the $500 billion “Stargate” joint venture with OpenAI.Mark Zuckerberg, center, at Trump's inauguration.Getty Images Key Facts“This will be a defining year for AI,” ...
Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
CNBC· 2025-01-24 15:41
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., Jan. 20, 2025.Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure in 2025 as it continues to build out its artificial intelligence infrastructure.Zuckerberg said 2025 will be "a defining year for AI" and that Meta is building a large datacenter that "would cover a significant part of ...
Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end
TechCrunch· 2025-01-24 15:39
In Brief Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on capex in 2025, primarily on data centers and growing the company’s AI development teams. That projected range is around double the $35 billion-$40 billion Meta spent on CapEx last year. Zuckerberg also wrote that Meta plans to bring a ...
Mark Zuckerberg says Meta plans to spend over $60 billion on AI as Silicon Valley panics over Chinese competition
Business Insider· 2025-01-24 15:35
Meta's AI Investment Plans - Meta plans to invest $60 billion to $65 billion in capital expenditure for AI in 2025, marking a significant increase in spending [1][2][5] - The company aims to bring online ~1GW of compute capacity and end 2025 with over 1.3 million GPUs [2] - Meta is significantly growing its AI teams and has the capital to continue investing in AI in the coming years [2] Meta's AI Infrastructure and Ambitions - Meta is building a 2 GW data center in Louisiana, which will be so large it could cover a significant part of Manhattan [1] - Meta AI is predicted to become "the leading assistant," serving over 1 billion users [1] - AI has had a positive impact on nearly all aspects of Meta's work, with new opportunities to accelerate its core business [3] Industry Context and Competition - Silicon Valley is reacting to news of DeepSeek, a Chinese company, developing an open-source AI model that outperformed some Meta, OpenAI, and Anthropic models in third-party benchmarks [3][5] - AI and China were major topics at the World Economic Forum in Davos, with Microsoft CEO Satya Nadella emphasizing the seriousness of developments in China [4] Market Reaction - Meta's stock dipped briefly after Zuckerberg's announcement but quickly recovered [2]