Mark Zuckerberg's Meta to invest hundreds of billions on data centers after poaching top AI talent
The announcement comes as tech giants such as Meta aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of artificial intelligence.
'We have the capital from our business to do this,' Zuckerberg said in a post on Threads.
The announcement comes as tech giants such as Mark Zuckerberg's Meta aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent.
REUTERS
'We have the capital from our business to do this,' Zuckerberg said in a post on Threads. Above, Zuckerberg in April.
AP
The Facebook and Instagram parent has recently unveiled its new division, Meta Superintelligence Labs (MSL), to unify the company's AI efforts, following setbacks with its Llama 4 model and key staff departures.
The MSL will be led by former Scale AI CEO Alexandr Wang and ex-GitHub chief Nat Friedman, after Meta invested $14.3 billion in Scale and ramped up efforts to recruit top AI talent.
Meta shares were up more than 1% Monday and the stock is 20% higher since the start of the year — giving the Facebook and Instagram parent a market cap of $1.83 trillion.
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