CLAIM #41663 · Meta Platforms Inc. (META) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2024
“And then, of course, also our non-AI workloads as we refresh some of our servers and add capacity just to support continued growth across the site.”
Susan Li · CFO
In context
“, as well as shifts in CapEx in 2024 that's coming from delays in data center projects and server deliveries and that'll just push that associated CapEx, which we were planning for in 2023 into 2024. We're still working on our 2024 CapEx plans. We haven't yet finalized that and we'll be working on that through the course of this year. But I mentioned that we expect that CapEx in 2024 will be higher than in 2023. We expect both data center spend to grow in 2024 as we ramp-up construction on sites with the new data center architecture that we announced late last year. And then we certainly also expect to invest more in servers in 2024 for both AI workloads to support all of the AI work that we've talked about across the core AI ranking recommendation work along with the next gen AI efforts. And then, of course, also our non-AI workloads as we refresh some of our servers and add capacity just to support continued growth across the site. Operator: Your next question comes from the line of Youssef Squali with Truist. Your line is open. Youssef Squali: Great, thank you very much for taking the questions. One for Mark and one for Susan maybe. Mark, you touched on this little earlier, but there is this open-source versus close- source debate going on with Meta as one of the companies on one-side of it with Llama and Llama 2 how do you see this market evolving over-time. Do you see one approach has been potentially superior to the other and therefore you will be likely to garner greater adoption, or is this really a win-win situation, just considering how early we are in this process and how large the potential [indiscernible]. And then, Susan, your guidance for Q3 implies at the midpoint of that at 20% growth, which is a pret”
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SEC filings for META ↗ · Claim quote is verbatim from the 2023Q2 earnings call.