Meta lifted its AI Cap-Ex to the top of the expenditure at the end of the expenditure to $ 72 billion, which is $ 65 billion three months ago
If Mark Zuckerberg has the limit of how much he agrees to spend on the infrastructure to win the AI competition, the Meta CEO will do a great job of hiding it.
On Wednesday, a social networking company increased its capital expenditure plans by billions of dollars at least in the third consecutive quarter, even if the rival Microsoft is slightly light Datacenter plans have economic uncertainty and concerns that the feverish expenditure of the industry can lead to overput.
Meta said Wednesday that its 2025 Capex spending is between $ 64-72 billion, a steep step from $ 60 billion to $ 65 billion to $ 65 billion, which is estimated just three months ago.
“This updated outlook reflects additional data center investments to support our artificial intelligence efforts, as well as the increase in the expected cost of infrastructure hardware,” Meta said in a statement, noting that most of Capex would go to their “main activity”.
Meta shares jumped more than 5%on Wednesday after hours, as the giant of social networks reported quarterly profits that exceeded Wall Street's expectations and a strong income forecast for the current quarter.
According to Meta, the income of the quarter expects $ 42.5 to $ 45.5 billion, which would mean an increase of 9-16%a year ago. The average expectation of the analyst demanded a quarterly income of $ 43.81 billion.
This story was originally reflected on Fortune.com
