Advancements in AI are driving massive investments by leading tech giants. This time, Meta Platforms (META.O) announced on Friday that it will commit $600 billion over the next three years to U.S. infrastructure and job creation, including building cutting-edge artificial intelligence data centers to fuel its AI ambitions.
At a White House dinner in September, CEO Mark Zuckerberg informed U.S. President Donald Trump that Meta plans to invest "a minimum of $600 billion" in the United States over the coming years.
Meta is ramping up its AI ambitions, aiming for the theoretical milestone of superintelligence, where machines surpass human cognitive abilities. The company has committed hundreds of billions to construct large-scale AI data centers and plans even larger investments to meet growing compute demands.
Meta has predicted a significant increase in capital expenditures for the coming year due to investments in artificial intelligence, which include the vigorous construction of data centers to support its AI initiatives.
In the previous month, the social media behemoth finalized a $27 billion financing agreement with Blue Owl Capital to support its data center in Louisiana, marking its largest project worldwide. In October, Meta announced plans to invest $1.5 billion in a Texas data center, initiating construction on its 29th facility globally.
During the company's recent earnings call, Zuckerberg mentioned that Meta is developing computing capabilities because it is a strategic move to proactively increase capacity in anticipation of the most favorable scenarios.