capital-expenditures

Meta Platforms to spend US$65 billion on AI infrastructure in 2025: Mark Zuckerberg

by
Meta Platforms to spend US billion on AI infrastructure in 2025: Mark Zuckerberg

The company intends to use the funds to build a data centre “so large that it would cover a significant part of Manhattan”, Zuckerberg said in a Facebook post. Meta plans to bring around a gigawatt of computing power online in 2025 and is projected to end the year with more than 1.3 million graphics … Read more

Outlook good for Canadian oil and gas sector, says industry report, but risks remain

by
Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the report show that oil prices are expected to remain strong, demand will be robust, export capacity will increase, and investment and drilling activity are set … Read more