Techcrunch Meta Plans $600 Billion Infrastructure Investment Amid Financial Concerns
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Meta announced plans to invest $600 billion in U.S. infrastructure and jobs by 2028 as part of a datacenter expansion. This ambitious goal has raised concerns on Wall Street regarding the company's financial viability, especially after a quarterly earnings report showed a significant increase in operating expenses. The investment aims to outpace competitors like OpenAI, but Meta's current capital expenditures are far below the required amount to meet this target.
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