Meta Platforms isn’t backing down in the artificial intelligence arms race. The company is all in. On Friday, Meta CEO Mark Zuckerberg said his company is planning to invest $60 billion to $65 billion in capital expenditures this year while growing the size of the company’s AI teams “significantly.

Meta CEO Mark Zuckerberg has announced plans to invest as much as $65 billion in artificial intelligence (AI) this year. The massive investment comes as part of a broader strategy to push the company's AI efforts.

Speaking on The Joe Rogan Experience, as quoted by Business Insider, Zuckerberg said, "Probably in 2025, we at Meta, as well as the other companies that are basically working on this, are going to have an AI that can effectively be a sort of midlevel engineer that you have at your company that can write code."