Reported 3 days ago
Meta Platforms CEO Mark Zuckerberg announced that the company plans to invest between $60 billion to $65 billion in capital expenditures as part of its expansion in artificial intelligence for 2025. This includes building a massive AI data center in Manhattan and enhancing its Llama 4 large language model, which is expected to serve over 1 billion people. Following the announcement, Meta's stock reached an all-time high, reflecting a nearly 65% increase over the past year.
Source: YAHOO