Meta Platforms (META) plans to spend “something like at least $600 billion” through 2028 on data centers and other infrastructure in the U.S., Meta CEO Mark Zuckerberg said on Thursday at a dinner with President Donald Trump and other technology executives, according to The Information’s Kalley Huang. In July, Meta estimated its capital expenditures in 2025 would be between $66B-$72B, up at least 68% from its capital expenditures in 2024. It also said it expected “similarly significant capital expenditures dollar growth in 2026” as it expands its computing capacity for its artificial intelligence efforts.
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