Meta Plans to Channel Up to $65 Billion in Capital Expenditures This Year
In a recent update from CEO Mark Zuckerberg via a Facebook post, Meta Platforms has outlined ambitious financial plans for 2025.
The tech giant is set to channel between $60 billion and $65 billion into capital expenditures.
This hefty investment aims to propel the company’s innovative trajectory forward, particularly in enhancing its AI capabilities.
Zuckerberg revealed that the development includes the creation of an AI engineer. This new addition will significantly boost the company’s research and design operations by contributing a growing volume of code.
Despite these forward-looking initiatives, Meta’s financial market standing saw a slight dip.
The company’s shares fell by about 1% in pre-market trading following the announcement.
This financial maneuver by Meta Platforms reflects a strategic pivot towards more integrated and advanced technological solutions in the coming years.