The CEO of Meta Platforms ( META 1.00%) said that the company will be increasing its capital expenditures budget in 2025. *Stock prices used were the afternoon prices of Jan. 23, 2025. The video was published on Jan. 25, 2025.
Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future.
Meta CEO Mark Zuckerberg outlines new AI capital expenditure for 2025: $65 billion ready for 1.3 million AI GPU datacenter this year.
Zuckerberg expects Meta’s AI assistant — available across its services, including Facebook and Instagram — to serve more than 1 billion people in 2025.
Chinese artificial intelligence (AI) startup DeepSeek is stirring up anxiety in Silicon Valley after launching a new AI model that appears to rival leading AI ventures in the U.S. for a fraction
Zuckerberg announces the effort as Elon Musk is upgrading his Colossus supercomputer and Sam Altman partners to dump $500 billion into 'Project Stargate.'
Investors consequently want to know how long before quantum computers' time has come. IonQ's Chapman put together a timeline of his own. By 2030, the CEO believes his company will generate close to $1 billion in revenue and will also be profitable.
Quantum computing holds the potential to radically transform the world. Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg recently poured cold water on some of the hype surrounding quantum computing.
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Why Tech Stocks Dropped Monday
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Meta Platforms CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center, but Nvidia dipped slightly. Read more here.
Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.
Top business leaders like Mukesh Ambani, Elon Musk, Jeff Bezos, Mark Zuckerberg, and Tim Cook, are set to attend the inauguration ceremony of US President-elect Donald Trump on January 20. However, Nvidia CEO Jensen Huang has decided to skip the gala event.