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Meta Surges Past Expectations, Boosts AI Spending
30 Jul
Summary
- Meta topped Q2 sales projections
- Lifting low end of 2025 capital expenditure forecast
- Investing heavily in talent, infrastructure, data centers for AI
In a sign that Meta Platforms Inc.'s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence, the company recently topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period.
Meta has lifted the low end of its forecast for 2025 capital expenditures as it continues to invest heavily in the talent, infrastructure, data centers and energy needed to compete in the fast-moving AI race. The company now expects to spend between $66 billion and $72 billion this year, up from a previous projection.
The increased investment in AI comes as Meta works to maintain its position in the rapidly evolving technology landscape. The social media giant is pouring resources into developing the necessary capabilities to stay ahead of the curve and capitalize on the growing importance of artificial intelligence across its platforms.
