Meta to Boost Capex 60% This Year to Develop AI Data Centers
Meta Platforms on Friday said projected capital expenditures would rise around 60% this year to between $60 billion and $65 billion as the company develops more data centers for artificial intelligence, according to a Facebook post from CEO Mark Zuckerberg. The company had projected to spend …
Related Knowledge Center: Artificial intelligence
On top of a failing business model, newsrooms must navigate the powerful — and not fully reliable — new capabilities of artificial intelligence and the deployment of large language models.
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