Zuckerberg expects to invest as much as $65 billion to further Meta’s AI ambitions, which includes a data center ‘so large it would cover a significant part of Manhattan.’

Mark Zuckerberg announced a huge leap in Meta’s capital spending this year to between $60 billion to $65 billion, an increase driven by AI and a massive new data center.The 70% increase over 2024 capital expenditure projections comes days after OpenAI and partners unveiled a $500 billion spending plan backed by President Trump called Stargate earlier this week.

Stargate is a private $500 billion artificial intelligence (AI) infrastructure project that has begun building massive data centers in the United States. Stargate is a joint venture between OpenAI, SoftBank Group,