The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.

Meta Platforms Inc. plans 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, Chief Executive Officer Mark Zuckerberg said Friday.

By Jaspreet Singh (Reuters) -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.

Generative artificial intelligence heavyweight OpenAI on Thursday previewed an AI agent that can carry out tasks on the web for users, as it seeks to enhance its chatbot amid intensifying competition.

OpenAI has released a preview of its first AI agent, dubbed Operator, that can automate “repetitive browser tasks such as filling out forms, ordering groceries, and even creating memes." At launch, Operator is available to those with a $200-per-month ChatGPT Pro subscription in the US,