Meta to invest $65 billion in AI this year

According to Amac News: Zuckerberg said the investment is aimed at strengthening the company’s position against rivals such as OpenAI and Google, which are trying to dominate the technology.
As part of the investment, Meta will increase hiring in AI-related roles and build a data center with a capacity of more than 2 gigawatts, large enough to cover a significant part of Manhattan.
The company, one of the largest buyers of popular AI chips from Nvidia (NVDA.O), aims to have more than 1.3 million graphics processors by the end of the year and plans to deploy about 1 gigawatt of computing power by 2025.
“This is going to be a defining year for AI,” Zuckerberg said in a Facebook post. “It’s a huge undertaking, and it will impact our core products and businesses for years to come.”
Big tech companies have invested tens of billions of dollars in developing AI infrastructure following the success of OpenAI’s ChatGPT.
Meta’s announcement comes just days after U.S. President Donald Trump announced that OpenAI, SoftBank (9984.T) and Oracle (ORCL.N) would form a venture called Stargate and invest $500 billion in AI infrastructure across the United States.