Meta (META) is turning up the heat on the AI competition. On Friday, CEO Mark Zuckerberg announced that the company plans to pour billions more into its artificial intelligence development efforts, construct a massive new data center, and launch its Llama 4 foundation model in the coming months.
Meta stock was up less than 1% following the news.
In a Facebook post, Zuckerberg said the company will significantly ramp up its capital expenditures, saying Meta will pour $60 billion to $65…
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https://finance.yahoo.com/news/meta-to-spend-as-much-as-65-billion-on-ai-in-2025-155259000.html
