Meta to "accelerate infrastructure investments" for AI, raises capex to $35bn-$40bn
Mark Zuckerberg said Meta "should invest significantly more over the coming years" in AI
News - Investment / M&A / Financing, Facebook
The latest news from the AI, data center, telco, chip, and cloud sector
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Meta plans $37bn digital infrastructure investment in 2024
Facebook parent company anticipates high levels of spending to cater for AI demand
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Meta’s CapEx drops almost $3bn during data center construction pause
Company expects higher CapEx next year as construction resumes with new AI design
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Meta capex hits $6.4bn on data center, servers, and network spend; costs expected to grow
As delayed facilities start to ramp up
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Meta spends $7.1bn on data centers, servers, and office capex in Q1, still assessing "data center restructuring initiative"
Expects to spend big on generative AI
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Idaho bill limiting data center tax breaks stumbles
Data centers still allowed to double dip on tax benefits in the state
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Google increases server life to six years, will save billions of dollars
While Meta ups to five years
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Meta to cut data center spend by $4bn, says new AI facilities will be cheaper & faster to build
But they may just be cheaper because they will build fewer of them to start
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Meta's head of Reality Labs pens piece in defense of metaverse, VR, and AR
As the company's share price continues to fall, and its data center plans are torn up
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As share price crashes, Meta says it plans more data center buildout, but will extend server life
Will build new data centers designed for "next-generation AI hardware"
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Meta's Q4 capex hits $5.5bn for data centers and offices, as shares plummet on Facebook stagnation
Company loses $200bn in valuation
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Facebook plans huge $29-34 billion capex spending spree in 2022, will invest in AI, servers, and data centers
Up from around $19bn this year