• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Meta Platforms Investments in AI to Reach $65 Billion

user avatar

by Giorgi Kostiuk

a year ago


Meta Platforms has announced plans to invest up to $65 billion in its AI infrastructure, surpassing Wall Street estimates. These investments aim to strengthen the company's position in the competitive landscape against giants like OpenAI and Google.

Meta's AI Objective

According to Mark Zuckerberg, a 2-gigawatt data center is planned to support AI initiatives. By 2025, the company aims to deploy 1 gigawatt in computing and end the year with over 1.3 billion graphics processing units.

Tech Giants Betting Big on AI

Major tech firms are ramping up their AI investments. Recently, ByteDance announced plans to allocate $20 billion mainly toward AI. Microsoft plans to invest $80 billion in data centers development, while Amazon announced it would spend over $75 billion.

The Future of Meta and AI

Meta expects its AI assistant to serve over a billion people, increasing from 600 million in 2025. The company continues to make significant investments in AI and new technology development.

Meta is making a strategic bet on AI development, potentially reshaping its position in the tech sector. Investments will ensure long-term growth and innovation in AI.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Speculation on US Bitcoin Reserve Revived by Market Commentator

chest

Jim Cramer's remark about a potential US Bitcoin Reserve at $60,000 has reignited discussions in the crypto community.

user avatarLucas Weissmann

CryptoQuant Founder Analyzes Bitcoin Market Dynamics

chest

Ki Young Ju, the founder of CryptoQuant, analyzes Bitcoin's market dynamics, stating it is not pumpable due to the divergence between Market Cap and Realized Cap.

user avatarFilippo Romano

EU Moves to Sanction Russian Crypto Transactions

chest

The European Commission is taking steps to prohibit all crypto transactions with Russia to prevent sanctions evasion.

user avatarEmily Carter

Binance Records Largest Ethereum Withdrawals Since August 2022

chest

On February 5, 2023, Binance experienced significant Ethereum withdrawals, with daily net outflows reaching approximately 158,000 ETH, marking the largest withdrawal event since August 2022.

user avatarKaterina Papadopoulou

Critical Support Zone for Bitcoin Emerges Amid Market Decline

chest

Critical support zone for Bitcoin emerges amid market decline, indicating potential bearish phase.

user avatarTomas Novak

Cango's Strategic Shift to AI Computing

chest

Cango is making a strategic pivot into AI computing while continuing its Bitcoin mining operations.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.