Midlevel staff are often the first targets of corporate downsizing efforts, but Meta’s plan to replace an entire tier of people with AI is a new wrinkle on an old story.

Mark Zuckerberg has announced a new spending plan for Meta that includes building an “AI engineer” to help with coding.

Meta CEO Mark Zuckerberg said the company plans to up its capital expenditures in 2025 as it aims to keep pace with rivals in the AI space.

Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.

Meta CEO Mark Zuckerberg announced the company plans to invest around $60 to $65 billion in capital expenditure this year

"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."

Meta Platforms Inc. plans to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday.

Meta stock after Facebook founder Mark Zuckerberg pledged $60 billion and $65 billion in capex this year.