Zuckerberg has been aiming for Meta’s AI for a year, expecting to spend $60 million on growth

Meta General manager Mark Zuckerberg The company announced Friday that it plans to invest about $60 billion in capital expenditures by 2025, including about $65 billion in capital expenditures. Artificial intelligence Infrastructure

Zuckerberg said that 2025 will be the “defining year of AI” and that Meta would be “an important part of Manhattan” building a large data center that will cover its AI offerings. Also, Meta will compute about 1 Gigawatt and the year 1 It will end up with more than .3 million graphics processing units, he said.

“This is a massive effort that will drive our core products and business for years to come, unlock historic innovation, and extend American Technology leadership,” Zuckerberg wrote. a message on facebook

Meta shares closed at $647.49 on Friday, an all-time high following the announcement.

The company is leaking A billion dollars It has been engaged in related research and development in recent years, but it is a competitive market and it will take time before investors begin to reap these benefits. In an April call with investors, Zuckerberg said he expects to see “Multi-cycle investment“Meta’s AI products will scale profitable services, but the company also has a ‘strong track record’ in that department,” he said.

META shares plunged 16% at the time. The company still generates the majority of its revenue from digital advertising.

Zuckerberg said on Friday that the company’s Meta AI Digital Assistant “will be the most important assistant serving more than a million people.” Meta is also building an AI engineer “who will contribute to our R&D efforts with increasing amounts of code,” Zuckerberg added.

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