Reported 2 days ago
Meta Platforms plans to spend $65 billion in capital expenditures for AI infrastructure in 2025, a significant increase from the previous year. While past spending on the metaverse led to a sharp decline in stock value, the current landscape differs due to economic conditions and planned investments in sustainable infrastructure. Observers suggest that the success of this spending spree hinges on its impact on sales and profitability in the coming year.
Source: YAHOO