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AI, Meta and Zuckerberg
Bloomberg Businessweek: Meta to Spend on AI
Bloomberg News Bloomberg News Technology Reporter Kurt Wagner discusses Meta planning to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams.
Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.
Zuckerberg wants to spend billions more on AI. Meta investors like that idea.
Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. One analyst thinks up to $33 billion of that could go toward GPUs.
21m
AI-Driven Power Boom Will Drive Demand 38% Higher on Top US Grid
Electricity demand on the largest US grid is poised to rise so fast thanks to the AI boom that it’ll be the equivalent of ...
15m
Apple makes a change to its AI team and plans Siri upgrades
Apple is making an executive change to try and improve its AI efforts and Siri. Kim Vorrath, who recently helped get the ...
Talking Biz News
7h
What’s behind the AI news summaries on the Bloomberg terminal
Max Bowie of Waters Technology interviewed Adela Quinones, global head of news discovery at Bloomberg, about its artificial ...
6d
SEC’s broker-dealer regulation for AI will probably be scrapped
The proposal to enhance transparency and guardrails for new technologies within broker-dealers is likely to be scrapped.
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