Zuckerberg establishes the objectives of the finish line for the year, he hopes to spend $ 60 billion in growth

Goal CEO Mark Zuckerberg On Friday he announced that the company plans to invest around $ 60 billion to $ 65 billion in capital expenses in 2025 as it continues to build its artificial intelligence infrastructure.

Zuckerberg said that 2025 will be “a decisive year for AI” and that Meta is building a large data center that “would cover an important part of Manhattan” to feed their AI offers. In addition, Meta will bring around 1 Gigawatt in computation and will end the year with more than 1.3 million graphics processing units, he said.

“This is a massive effort, and in the coming years it will boost our basic products and businesses, it will unlock historical innovation and extend the leadership of American technology,” Zuckerberg wrote in A publication On Facebook.

Meta shares closed to $ 647.49 on Friday, a new historical maximum after the announcement.

The company has been pouring billions of dollars In AI and increasing related research and development in recent years, but it is a fiercely competitive market and will take time before investors begin to harvest those benefits. In an April call with investors, Zuckerberg said he hopes to see a “Several years investment cycle“Before Meta’s products will focus on profitable services, but also noted that the company has a” solid history “in that department.

Meta actions sank 16% at that time. The company still generates the vast majority of its income from digital advertising.

Zuckerberg said Friday that he expects the company’s digital assistant to become the “leading assistant who serves more than one billion people.” Meta is also building an AI engineer who will contribute “growing code amounts to our R&D efforts,” Zuckerberg added.

“We have the capital to continue investing in the coming years,” he wrote in his Facebook publication.