Meta Spending to Soar on AI, Massive Data Center -- WSJ

Dow Jones

01/24

By Meghan Bobrowsky

Mark Zuckerberg announced a huge leap in Meta's capital spending this year to between $60 billion to $65 billion, an increase driven by AI and a massive new data center.

The announcement is the latest sign that tech companies are accelerating their investment in artificial intelligence after OpenAI and partners unveiled a $500 billion spending plan called Stargate earlier this week.

The spending plan is a roughly $14 billion increase above 2025 analyst projections, and analysts estimate that 2024 capital expenditures reached $38 billion, according to FactSet.

Write to Meghan Bobrowsky at meghan.bobrowsky@wsj.com

(END) Dow Jones Newswires

January 24, 2025 10:03 ET (15:03 GMT)

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