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Meta projects $35 Billion expenditure in 2024, mostly on AI data centres

The projection was shared in its latest revenue filling where Meta reported a revenue growth of 23% in Q3, reaching US$34.15 billion.

By João Marques Lima

Founder and Editor, The Tech Capital

5 Mins

October 26, 2023 | 12:47 AM BST

Meta projects $35 Billion expenditure in 2024, mostly on AI data centres

Mark Zuckerberg, Meta founder and CEO. Source: Meta

The Tech Capital

Meta Platforms (NASDAQ: META), previously known as Facebook, has announced its Q3 2023 financial results. The highlight of the report is the anticipated expenditure of US$30-$35 billion on its data centre infrastructure in 2024.

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João Marques Lima

Founder and Editor, The Tech Capital

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