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USA | Jan 24, 2025

Meta to invest up to $65 billion in capital expenditure this year

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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

(Reuters)

Meta Platforms will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook post on Friday.

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.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar)

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