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It's Going Down
TLDR
MARKET RECAP → The S&P 500 (VOO) edged lower on Friday after setting new records, as investors locked in profits following a strong week highlighted by President Donald Trump's return to the White House.
ZUCKERBERG SETS META'S AI GOALS WITH $60 BILLION INVESTMENT → Meta plans to spend up to $65 billion in 2025 to expand its AI infrastructure, including a massive data center and 1.3 million GPUs, aiming to position its AI assistant and products for global dominance. 🚀
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TODAY’S TOP NEWS
Zuckerberg Sets Meta's AI Targets
🔹 Massive AI Investments: Mark Zuckerberg announced Meta's plans to allocate $60–65 billion in 2025 to expand its AI infrastructure, including a data center “the size of Manhattan” and adding over 1.3 million GPUs by year-end. He called 2025 “a defining year for AI.”
🔹 Scaling AI Ambitions: Meta's focus includes launching Meta AI, a digital assistant targeting 1 billion users, and developing an AI engineer to accelerate R&D efforts. Despite heavy competition, Zuckerberg emphasized long-term innovation and maintaining U.S. technology leadership.
🔹 Shares and Strategy: Meta shares hit a record high following the announcement, though the company warned of a multiyear investment cycle before profits emerge. While heavily reliant on digital advertising, Zuckerberg reassured that Meta’s capital reserves position it for sustained growth.
NOTABLE POSTS
Remembered to include the email attachment
— Morning Brew ☕️ (@MorningBrew)
5:37 PM • Jan 24, 2025
Your least favorite co-worker is replying to absolute slop and liking every single post on LinkedIn
— High Yield Harry (@HighyieldHarry)
8:23 PM • Jan 23, 2025
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