Meta Platforms isn’t backing down in the artificial intelligence arms race. The company is all in. On Friday, Meta CEO Mark Zuckerberg said his company is planning to invest $60 billion to $65 billion in capital expenditures this year while growing the size of the company’s AI teams “significantly.

The Meta CEO met with Trump after his win in the 2024 presidential election, according to multiple reports including CBS and the New York Times. And more recently, he named Trump ally and UFC boss Dana White to Meta's board of directors and elevated prominent Republican Joel Kaplan to lead its global affairs operation.

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.