“So we certainly expect that 2025 CapEx is going to grow across all three of those components you described. Servers will be the biggest growth driver that remains the largest portion of our overall CapEx budget.”

In context

“move quickly. There's a lot to learn from releases from basically everyone who does something interesting, not just the ones over the last month. We'll continue to kind of incorporate that into what we do as well as making novel contributions to the field ourselves And I continue to think that investing very heavily in CapEx and infra is going to be a strategic advantage over time. It's possible that we'll learn otherwise at some point, but I just think it's way too early to call that. And at this point, I would bet that the ability to build out that kind of infrastructure is going to be a major advantage for both the quality of the service and being able to serve the scale that we want to. Susan Li: I'm happy to add a little more color about our 2025 CapEx plans to your second question. So we certainly expect that 2025 CapEx is going to grow across all three of those components you described. Servers will be the biggest growth driver that remains the largest portion of our overall CapEx budget. We expect both growth in AI capacity as we support our gen AI efforts and continue to invest meaningfully in core AI, but we are also expecting growth in non-AI capacity as we invest in the core business, including to support a higher base of engagement and to refresh our existing servers. On the data center side, we're anticipating higher data center spend in 2025 to be driven by build-outs of our large training clusters and our higher power density data centers that are entering the core construction phase. We're expecting to use that capacity primarily for core AI and non-AI use cases. On the networking side, we expect networking spend to grow in ‘25 as we build higher-capacity networks to accommodate the growth in non-AI and core AI-related traffic along with our large Gen AI training”