Meta commits to «at least» $600 billion spend on AI infrastructure

Meta commits to spending big its AI infrastructure investments in the next three years.
Meta will be a big AI infrastructure player if their investments pan out. (Picture: Adobe)
The outlay is only for next three years, according to Reuters, who says Meta has been doubling down on AI recently, with massive outlays for their Superintelligence Lab and data center buildouts.

They are building out data centers because «it’s the right strategy to aggressively front-load capacity so we’re prepared for the most optimistic cases,» according to CEO Mark Zuckerberg.

Meta saw an 83% drop in its operating income the last quarter, and plans for capital expenditures of $70 billion just this year, but will have increase it threefold to reach their target by 2028.

Read more: Reuters, The Register and Business Insider.