Meta CEO Mark Zuckerberg said the company plans to up its capital expenditures in 2025 as it aims to keep pace with rivals in the AI space.

Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.

Much of the investment will go into increasing the company’s footprint in data centers, which provide the computing power that A.I. products and algorithms require.

President Trump says he likes Biden's idea to open up federal lands for AI data centers. His White House is looking for ways to ensure U.S. dominance in the sector.

U.S. President Donald Trump on Thursday signed an executive order related to AI to "make America the world capital in artificial intelligence," his aide told reporters in the White House's Oval Office.

U.S. President Donald Trump signed an executive order which revokes the Biden Administration's artificial intelligence policies and has directed the development of an AI Action Plan to boost America's AI dominance.