Meta CEO Mark Zuckerberg announced on Friday that the company plans to invest about $ 2 billion to $ 5 billion in artificial intelligence and continue to update its artificial intelligence infrastructure.
Zuckerberg described the year as a decisive year for artificial intelligence; According to the CEO of Meta, the company is building a large data center that “covers a significant portion of Manhattan” to help provide its artificial intelligence services. He also said that he would finish Meta Year 2 with more than 1.5 million graphics processing units.
“This is a huge effort and will lead our main products and business in the coming years and consolidate American leadership in the field of technology,” Zuckerberg wrote in a post on Facebook.
The value of Meta’s stock reached its highest level on Friday during the daily trading after the announcement.
The company has invested billions of dollars in artificial intelligence in recent years and has accelerated research and development in the field, but it is a competitive market and must spend time before investors start exploiting these benefits.
Zuckerberg said in a contact with investors in April that he expects to see a “multi -year investment cycle” before meta artificial intelligence products become profitable.
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