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Meta to up data centre CAPEX in 2024 amidst AI surge

Whilst no figures for 2024 have been shared, it would be fair to expect a CAPEX of US$30-40 billion in 2024.

By João Marques Lima

Founder and Editor, The Tech Capital

5 Mins

July 28, 2023 | 12:02 AM BST

Meta to up data centre CAPEX in 2024 amidst AI surge

Mark Zuckerberg, Meta founder and CEO. Source: Meta

The Tech Capital

Meta Platforms, Inc. (Nasdaq: META) will expand its 2024 budget to cater to the extra demand from artificial intelligence (AI) applications.

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João Marques Lima

Founder and Editor, The Tech Capital

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