Zuckerberg likely to be asked about plans to spend $60-65bn on AI in 2025 as tech giant faces increased competition
Meta will report earnings for the fourth quarter of 2024 after US stock markets close on Wednesday.
Analysts will probably ask about Mark Zuckerberg’s plans to spend between $60bn and $65bn on AI infrastructure in 2025. That is up from the $50bn the CEO said he expected to spend at the end of last quarter. But as Meta faces increased competition, especially from new player DeepSeek AI, the company is ramping up its AI efforts.
About Author
More Stories
KFC plans to invest £1.5bn in UK and Ireland, creating thousands of jobs
Shein turns to Hong Kong for flotation as London attempt stalls, reports say
Leading tax expert calls out ‘confected outrage’ of wealthy Australians over Labor’s $3m super plan