Key Takeaways Meta Platforms plans to invest $60 billion to $65 billion in capital expenditures this year as the tech giant expands its artificial intelligence efforts, CEO Mark Zuckerberg posted on Facebook Friday.

Meta CEO Mark Zuckerberg said his company will spend up to $65 billion as it looks to "significantly" grow its artificial intelligence team

Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. One analyst thinks up to $33 billion of that could go toward GPUs.