Meta is pouring cash into the bodily and technical infrastructure wanted to scale its AI ambitions. The corporate mentioned Wednesday in its second-quarter earnings report that it plans to greater than double its spend on constructing AI infrastructure – like knowledge facilities and servers.
“We presently count on 2025 capital expenditures, together with principal funds on finance leases, to be within the vary of $66-72 billion…up roughly $30 billion year-over-year on the midpoint,” Meta mentioned.