Mark Zuckerberg reveals Meta’s rapid AI infrastructure growth amid rising costs, surprising investors as expenses increase for 2024.
Mark Zuckerberg, CEO of Meta Platforms Inc., expressed surprise at the rapid development of the company’s AI data centers during a recent earnings call. He noted that the quick setup of servers and infrastructure has contributed to rising costs, prompting Meta to increase its 2024 capital expenditure forecast to between $38 billion and $40 billion. ...
