Meta Platforms has announced plans to invest up to $65 billion this year to expand its artificial intelligence (AI) infrastructure, aiming to strengthen its competitive position against OpenAI and Google. CEO Mark Zuckerberg revealed the ambitious investment strategy, which will include hiring for AI roles and constructing a more than 2-gigawatt data center, large enough to cover a significant portion of Manhattan.
The company intends to purchase over 1.3 million graphics processors (GPUs), primarily from Nvidia, and bring about 1 GW of computing power online by 2025. Zuckerberg stated that this year will be crucial for AI development, emphasizing that the efforts would drive Meta’s core products and business in the years to come.
The announcement comes as major tech companies, including Meta, invest heavily in AI infrastructure, driven by the success of OpenAI’s ChatGPT. Meta’s move follows the recent announcement of a new venture, Stargate, involving OpenAI, SoftBank, and Oracle, which aims to invest $500 billion in AI infrastructure across the US.
