Mark Zuckerberg announced a huge leap in Meta’s capital spending this year to between $60 billion to $65 billion, an increase driven by AI and a massive new data center.The 70% increase over 2024 capital expenditure projections comes days after OpenAI and partners unveiled a $500 billion spending plan backed by President Trump called Stargate earlier this week.

OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.

Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the social network he owns.