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WSJ Tech News Briefing
TNB Tech Minute: Meta Spending to Soar on AI
Jan 24, 2025
Meta is set to invest a staggering $65 billion in AI and data infrastructure, highlighting its commitment to technological advancement. Meanwhile, the European Union is pushing for reduced regulations to stay competitive with the US and China. In another move, Google is cracking down on fake online reviews from UK businesses. The discussions also touch on Amazon's ongoing investigations, showcasing the ever-evolving landscape of tech regulation and corporate accountability.
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- Meta plans a significant capital expenditure increase to $60-$65 billion this year, focusing on AI and data centers.
- The European Union is reforming regulations to enhance competitiveness against the US and China, including attracting foreign talent.
Deep dives
Meta's Significant Investment in AI and Infrastructure
Meta is set to invest between $60 to $65 billion in capital expenditures this year, marking a substantial increase of around 70% from the previous year. This investment, according to CEO Mark Zuckerberg, is primarily aimed at bolstering artificial intelligence initiatives and constructing a large new data center to support the company's growing needs. Analysts anticipate that the company's capital expenditure for 2024 will reach approximately $38 billion, reflecting a 40% rise compared to 2023. This aggressive investment highlights Meta's commitment to remaining competitive in the rapidly evolving tech landscape.
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