Tech giants boost AI spending to record levels amid industry boom Related news

Sebastian Ujică

ANKARA Leading US tech companies are significantly increasing their investments in artificial intelligence, aiming to capitalize on the AI boom that has driven stock markets to new heights, media reports said on Thursday. Meta, the parent company of Facebook and Instagram, said its capital expenditures for 2025 are projected to be between $70 billion and $72 billion, up from a previous estimate of $66 billion to $72 billion, according to the BBC. Company CEO Mark Zuckerberg said AI is creating “

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