Meta Platforms will spend "hundreds of billions" on AI infrastructure as the social media giant seeks to unlock AI superintelligence, Chief Executive Mark Zuckerberg said Monday. Meta stock was pushing higher.
"For our superintelligence effort, I'm focused on building the most elite and talent-dense team in the industry," Zuckerberg wrote Monday on Threads, the microblogging app owned by Meta. "We're also going to invest hundreds of billions of dollars into compute to build superintelligence. We have the capital from our business to do this."
Much of that spending will go toward building large data centers to train and power AI large language models. Meta plans to launch several data center clusters that draw more than a gigawatt of power, Zuckerberg said, placing them among the world's largest such facilities. Zuckerberg pointed to a recent report from the research firm SemiAnalysis that said Meta would be the first company to launch a 1 gigawatt "supercluster" data center.
"We're actually building several multi-GW (gigawatt) clusters," Zuckerberg wrote. "We're calling the first one Prometheus and it's coming online in '26. We're also building Hyperion, which will be able to scale up to 5GW over several years. We're building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan."
On the stock market today, Meta stock added a fraction to close at 720.92.
Meta Stock: Big AI Spending
The pledge comes as Meta has recruited several researchers from OpenAI and other competitors to launch a lab dedicated to AI superintelligence. The Facebook parent company has reportedly made offers of more than $100 million to recruit top researchers.
Meta also recently struck a deal to invest $14.3 billion in the startup Scale AI, with the startup's Chief Executive Alexandr Wang joining Meta to lead the new AI research lab.
The splurge hasn't let up yet. Meta will also pay an undisclosed sum to acquire Play.AI, a startup that generates voices, Bloomberg reported Friday. The Play.AI team will join Meta's operations.
Meanwhile, Zuckerberg told investors in April that the company plans to spend about $68 billion in capital expenditures this year. That compares to $39.2 billion in 2024.
Wall Street analysts have been scrutinizing those costs. They are generally positive on Meta's ability to use AI to boost engagement and advertising sales on Facebook, Instagram and its other apps. One goal from Zuckerberg is to use AI to offer fully automated advertising campaigns.
Meta stock is ahead 23% overall this year, the best gain among Magnificent Seven stocks.
Shares of the social media giant have an IBD Composite Rating of 97 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating.
Meta will report second quarter earnings on July 30.
