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Meta Platforms has announced an increase in its forecast for 2024 expenses and capital expenditures to accelerate its artificial intelligence (AI) development initiatives. The company now expects its full-year capital expenditures to be between $35 billion and $40 billion, up from the previously projected range of $30 billion to $37 billion. This adjustment reflects Meta's intensified efforts in AI research and product development. Additionally, Meta's total expected expenses for the year have been revised to range between $96 billion and $99 billion, an increase from the earlier estimate of $94 billion to $99 billion. The CFO commented on the adjustments, highlighting the company's commitment to expanding its AI infrastructure.
Good sign for Nvidia's 2025: Meta - "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range .. we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap."
$META year of efficiency is over •Full-year 2024 total expected to be $96 billion to $99 billion, from $94b-$99b •Full-year capital expenditures expected to be $35-$40 billion, from prior range of $30-$37 billion
$META CFO: "We anticipate our full-year 2024 capital expenditures will be in the range of $35-40 billion, increased from our prior range of $30-37 billion as we continue to accelerate our infrastructure investments to support our artificial intelligence (AI) roadmap" https://t.co/riLltPXy4Q