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Zuckerberg says Meta is increasing AI spending to $65 billion in 2025 in a major AI push

Meta Platforms CEO Mark Zuckerberg has announced plans for the company to invest $60 billion to $65 billion in AI infrastructure, exceeding Wall Street's estimates of around $50 billion. The move comes as competition in the AI sector intensifies, with other tech giants also committing significant capital expenditure. The investment is expected to strengthen Meta's position in the AI space as it competes against rivals like OpenAI and Google. The company plans to develop a 2-gigawatt data center and aims to bring on 1 gigawatt in computing by 2025. Shares of Meta rose to a new all-time high following the announcement.

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