Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says

(Reuters) -Meta Platforms will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook (NASDAQ:META) post on Friday.

© Reuters. FILE PHOTO: Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, January 20, 2025. Kenny Holston/Pool via REUTERS/File Photo

The company will build an AI engineer that will start contributing increasing amounts of code to its research and design efforts, Zuckerberg said.

Shares of the company were down about 1% in premarket trading.

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