ftypavifavifmif1miaf lmeta!hdlrpictpitm4ilocD@ B!O8iinfinfeav01infeExif iprp ipco Tcolrprof HLinomntrRGB XYZ  1acspMSFTIEC sRGB-HP cprtP3desclwtptbkptrXYZgXYZ,bXYZ@dmndTpdmddvuedLview$lumimeas $tech0 rTRC< gTRC< bTRC< textCopyright (c) 1998 Hewlett-Packard CompanydescsRGB IEC61966-2.1sRGB IEC61966-2.1XYZ QXYZ XYZ o8XYZ bXYZ $descIEC http://www.iec.chIEC http://www.iec.chdesc.IEC 61966-2.1 Default RGB colour space - sRGB.IEC 61966-2.1 Default RGB colour space - sRGBdesc,Reference Viewing Condition in IEC61966-2.1,Reference Viewing Condition in IEC61966-2.1view_. \XYZ L VPWmeassig CRT curv #(-27;@EJOTY^chmrw| %+28>ELRY`gnu| &/8AKT]gqz !-8COZfr~ -;HUcq~ +:IXgw'7HYj{+=Oat 2FZn  % : O d y  ' = T j " 9 Q i  * C \ u & @ Z t .Id %A^z &Ca~1Om&Ed#Cc'Ij4Vx&IlAe@e Ek*Qw;c*R{Gp@j>i  A l !!H!u!!!"'"U"""# #8#f###$$M$|$$% %8%h%%%&'&W&&&''I'z''( (?(q(())8)k))**5*h**++6+i++,,9,n,,- -A-v--..L.../$/Z///050l0011J1112*2c223 3F3334+4e4455M555676r667$7`7788P8899B999:6:t::;-;k;;<' >`>>?!?a??@#@d@@A)AjAAB0BrBBC:C}CDDGDDEEUEEF"FgFFG5G{GHHKHHIIcIIJ7J}JK KSKKL*LrLMMJMMN%NnNOOIOOP'PqPQQPQQR1R|RSS_SSTBTTU(UuUVV\VVWDWWX/X}XYYiYZZVZZ[E[[\5\\]']x]^^l^__a_``W``aOaabIbbcCccd@dde=eef=ffg=ggh?hhiCiijHjjkOkklWlmm`mnnknooxop+ppq:qqrKrss]sttptu(uuv>vvwVwxxnxy*yyzFz{{c{|!||}A}~~b~#G k͂0WGrׇ;iΉ3dʋ0cʍ1fΏ6n֑?zM _ɖ4 uL$h՛BdҞ@iءG&vVǥ8nRĩ7u\ЭD-u`ֲK³8%yhYѹJº;.! zpg_XQKFAǿ=ȼ:ɹ8ʷ6˶5̵5͵6ζ7ϸ9к<Ѿ?DINU\dlvۀ܊ݖޢ)߯6DScs 2F[p(@Xr4Pm8Ww)Km av1C ispepixiipmairefcdscCmdat f 2L,FW YtU*a#W|UeN1T2hd{:2]P~ Pzw2YBӉërCd B=C&Z*cGRϭcrK"Pko]m|sMMmsDwђgTQLNNţi1Cbڗȯ :h^lF< O#(E<{pH#8,%Sт`9 ( fPOSWu*@d-0mK30 xIim -X3pouM@~QJ/g+[5ʱ+.^0r( ;^KPm&^.J(<{|: +Fih@R RfE&8}z$#Y+ ~[B+TNX%Olņe>~#o * n|w*T^D[KԪs8 ! r3abz3)zFoH4)▨[gJj6膊mqM 7ʟ~MM^:]|ҳнn|=7),'VmJ!{D8 ':tLT;!];H )o2+^fskCWT>z[TfV+PQRDT73$9p"QL!ٜ%m~U x;n).dxی\ @l 'pgso\!]/́,m8pܬpMshYpS>UleG~vY"!H\ M^J~K,GƪH\yq", xGniD=4'*R d.~R&KvFbekx?#8}Z@z.ݼ"PG>"pOLf{)9̷[6I˗f ޒLju+Fz*Ĺ6є}\xbl]=Z(!x%LnR_b:$2L6a3}>F6j=*DH;)T*εN,,T, ]s{ p>5ӜIJI.톅U~T-ur 9 bBjcͶG\ M,2 kPj(O' \mÅ1{*veTmFE nKZ(UYل^{%i6^Q$C.[T']!*3:^ƿ{OU,z:!c~zL`x||C/e? (tgs2fXBT95 7 2ޱ EDޔU¯0qY) ȃ&~2zJ֨AKܭ!CZC{W^izQ|t-~vR.̐ܡ.>Q'ŷXkmTW]jrzkl}T8g6~9E|T[qIu<I8] wq}AFoV|q'{nұPT:[@+} FL[?2qJ~,{P\ fU/rCnm 'sU%B;t la8y/|A۳ھ||16G >? 2xja`SlzP q!w+xbG!e{BܙhiNʹvM'-HcI8Ly)9t@aeO}$p !8rQQb-Xߑ԰*C\e:^dҘ4J.jĆb\ao2||Ym> 6,W';ڶĬPi4X7SqjC;Ť"bUf>mϳ_9%Pa(8?9D_ }H]10mvA)@[,BNFǴ.ke Q@Of cU!.ڵ~ hDйg1Y !]zǗ0йɭxNA,nkif3^1 l[3X!+eTdjoL-:Nɿw_kr4%9 ]!jXFo% d xuf9)K%P'G4q0;q?y]=wt.` DdՁH-Š/EZѳ*s .q)[ybe ^_c = F cLM~ȶ`:Bd,5Nݽ4sMhQi,8KC,?Y/VZ܈w;KAYJd}EvdH,g3Xx\zqfA-CXDk@Ie rw+LbMI_ZW遲OV}I:7u5}]UQ#,MK}d]DAϞkp끼JMɲ@2D0G]-'yH/(~ؠzM1 ;˥Ÿ`nl& w r2gPm ;[KǛwMQ!U( 224Ii8l1O댰cH:2&.WyY;!k[PggL]Z{RH7*:aC[}F)(%p9"ds9bcܛjT\CTw[l׾ʴq Uky=G~#]HF_@jT26-9ޅl߼`b _}krJlr b?rF4b$A)E(~6̸Y; ^53ZZ3B!-[N{會V#RkrV!?]+LڀXsA@@^^Wu7+ɤƧ3uND1$M.%.N_09+v%~=7$M^iofRI˜7{$+-!?7+]ݵ!ŝwgr2VMRՌ4P2bkPzoџQ|O,XiL:;|Ql\v.+dep#ňKϵ>h?K5(, @c[VL5Q ާ -Q293$Gp",1hU5+@dyjόH㦏 $k=$&:?FmS+ց CE1rMUi!tYMT44j[ܷ l?."efh)XGҥ(*T/6%%!tH;<%_>4a2[hXea,;ŇC tIs@;S1SQPTO&EEKE'M㸉N:F5ፙ)ieGزiQ[^"kƉ=?+2"s -|)P vODH)L*mmCz,;\fE}t P#t m ? RM He`yr&Xq_wx'RVԙQOPX?Oh}xTf[W$%tJd_f]v3:{2#zOV#8QH){nw)_* VۀBVfWP#o*zLW8[p X nKXQu4@Og.Z4?t$u]@0IPC"%Opsôʅ˰ 謝Z/,á&eds ԅ]KL\ꋑ9z㿽,9*QO` jc17҉[3҅/mzTo g@nc T.%#[".aCiz4{-4JwF$:oq0WF7^*Ca/^A7\񠴑>vW} 9*ϵ>Ytܡ6yϔJTh3IJb>fF[_r1Tgb̙L -G/|[C.*ˣR뀌.w)WJ!Sŷp-,%W<.KTã5?b'K)H!nCK ]ۯ܁HbUi2 skWAϨ<md"ufP˂95 ԑRY9}BZMn=T "I`6(!Ul9fumi9繟7ٷ& ՙ'jKf-DXWXEG?uo ` 9!ޘϼTBٲ&-jenq1` C9)E>5,0l]=+cJIY00~VBV|Vv(#5<ꪦMQӋvm^+V)m Mya']9$_O6Wvy[f-U=)GJgOڋh)50;WZ#V .h*'};eķpj> aHM&LeƇjtN/դ$Y~ ߇G#yoW+9uKnM5N*;C@ܦZKg]-f<67 #rrB_+\*: &ȃR/Ykb7R}ڰGʅ52R>͕)/=Ru,A jtokH|žr@.SM[t]Í߅*V kW\ۍr>yqTdrKr&/sB'V[3)kCcύD4wNqGOW偿E|R)vyPVS(=";9IIf篐pC-{"$bcY=2N| = w[G/*\)C @KH.I(b#()DpDñ r& sLze2/鈈ehWyOֽ{D\Dk|Ew{id;Je Wћ/}WbO}ԇ0y̥7n~"LpX%pPŘ]p_>f֡:Z8Wtq6y&t+fvSaQ6Ƅmw؈jJ1>C/*ԌJ.輳#٩O O֞zRU6oE) NddD`P5is-QfX^;NNV=eʹɷ]|`P գ~Q#ݙz;ʮMUK[^~ސ{XdB&u],ɑl7pSg؉l3/wԿ*%4LZ4OU[gxocGU]}BO#(ؒcHnx~*Da7? ̒:A8ra/'i̒5 sLb<<:FQ~>@f4#KXN )oу.šq\SMk0עƒ"0H e pI,1ic-fqU%}}=h<gjm䁒0~K3=A5[3sރUӸ0z_lZ)؏upܷe;r@Z-'lHk/k W:T^oCVr&ޱGu&7N?Ѿ|('V!6@|~m?8dY]X mC×O5} :kz_ ;J̙tþ{"ܖ NWc}qדH&I{F(`'/533G~=1Y pҮY2oQXsd?}i%ۧi 0lR\ѳ}L`c /tb/ lJf(D>{ SoANg`GʓEㅦg ű=T@VUXQmjlpzo3h6W"GblQ%DML_KéބA^X.c` n 5BmN,hD~%SE+'e3F"kvk=81T]kn@]WAҏni`)Pפ~sP˧[Bb8r!j%#(HmPA-q%Bۣj @e4Y\k- THԒxx)iK(4y$HliҝN Z\FF57#YKrp"? ,-gȊQ!%+Y=]x-dX@@JW畔pp':o}ξ= [c?-si:LLU4F2l.i¦/#cc9v˺=DZ:1JQQ388nZЌß u;lmIk.y wg䱂0t:Y|ڣ)DRQc:} )O@fSWHz fWC5"qVImx]05í_0dȓJ"Z'Їxl%˅dgŧ\L|߲QqP[9*^v0s\71wkD7Z4zC˙ ZJj꙲3ZZ[t\do<'_RW5zź;{wZ0P :{WvvnOgwUftBh4Sv!`$&%! :I1 ~3i6@"$hJ !=7_2ٵheZ %/sG½zf4eǤu5-؎agAؗԦ/\)7K5nʥ~szr;hV1yK[Tt,S9bdϕy;uJ"@Ƞb|neJʟ|*AyK+~ x+:x !|;?~X= (2mZ|m`xJ`*Kub+Y,"t;2&r\oeĆMn[I-xCrJ5-X%\_l=wV-rm%$\&:٠hK\0\I) ~$=^=ǔ(XF^}"|V ɚG{9< [Bٓi2[  ˳,n-HDzWjnBR FArpiOki6Ja\uo2E,X[7d"bO//bwwU%RL.폀@i#Lo+[ҩ{$P3jAs3TxuíwbD˕"33(ȎV,J+AϖdSCTP8ZKOKfG3<2Bmy7 @VE.&W G+inob_+>_ :SjDC:>7U=0~7hn-!jn }5\*fkǮN3:p U_^΁AF!XrJmx7y=Z⤗zf*0 x2xT妟]Cbc32(%l "fv'`^a'd/"&ē._W C|'I]wuقB"drȹT,CDl) d(A+vE8O4͘ae ٺ3hST ap /"ɗ' Kox|EXyF}0P(t9FȐLC,STϖ0`1bn,Ş104)XB'rY6X TTks&`A҇T>(ʟ&9*Ee>6ٺkf b6!-Nnnַe ^y* v^+)d5#"]>BcCc4˜F*g w䁰9afprI,lEvsFÜwn5IK\I8)>غJlHI?*3;my).'pֱ)\_Q "ː9_KGwgzq5ܫ0d ["<γ, k~X= j]1hٗ~^jkΰfIQg| 9*E"ƫP1:]QY7xa &NGO#}m]Fjn jR%XX>3N(P` /4doBLm? U.}/HĄtZfU Z΍)I7=oSehr[6~]H#HjGP41uH\PB4U±!uH+;mb!Â$vWcWoX3X pY0>?? [Ⱃ{ֳ<5SYPP0WKEkcbVWxMp!~X@AlK)8Z`.:IKEe:흪whS*ԘXX4*>J]<{9϶?jCu@~1ЄFקbWk*x $HБ%Wi^Ć~=ݔV.]c캚ܴGyz=5s|عAt侕_ĵdȍTEʂm6N8 BwaWӊP@[@p[zSo=T۫>ÄZP_ $̥` 4OӵtOȧ;8R>CBqNNgdHqtLkhW4jCSihJ 樃KiA.š vN^=^[I -|S&f6k6P|fD`QȊ{zMGݳ[ཊ"Vϸ&Vn*nd{{L#l+R 3:7 hjQVD o~0k]PT,LO /P[]Bmg sag5[J᫴ƪʃgf MlC.-)e| dI R\,AEDN$d‚0eC0 moLhOB8e-C\|LasOFwSg>\\u[͔?fdZG#O[ P䴒qs|cj%)?&ͯ/IVe<uԤقIߓ[]Ԯ$|5j(`%p"|*<9 q;u87;ĂJue[ðm*㞧o _s,$`=,m#;p'IZ]In0|8wClץTU!\Xɓ/u.(6)oq/h?k- z$@:΢"A6XGYUl],R[%U0_bv` T}qqڣνk>4s+?@'Te$KJÏm 1,%_P8"V^t%Fai- u5?KFU,OpWĒa(:X%M g֪75{;exaCfAs?9 ݒ'D $W&Fs(`u_|XSA_8X3t}'Yco ^ѳk6$[ɫ *NW(߯>$]kQC"l4@W hSgj>e9 i '막|һ՞*@9`MZZ 2#aHTM 54Dm PmH ʦ Ԭ$k6'Vʠq@v8F!N`_0M'~,2dCl /$aŬގ@yOT5.up9PK$+|wX N?_" mynRs_=$LObDq dC]Ks/TEǎ|4Pí*GQvG#σ{ όٺ%03XX6˲ 4=ƅ&6[tpۆh턀.@MJ@\].?3i;|fRfUOFH~=j*s?s*nE_=Rg8lZ{w|F,eEiHKv6"%~Xʝ)H@mԍdhSFQ5xO{E3 F+ȶX+*$z\ !l4As޾Ԉ}e>s vۼRuxK9U,rTͽ_áAݨV>#id,UɕCMaixQFOasڙ3ʄQ+ Nفm77-3@&<|) 'kl(o3,|cH]A+[`Na4ObJRCjO!l\i|SÑ[&bvcS1c͘v 2Sqv #hWƤاq']CvQ6pŮnScaѳGoL:L;;ܯ8?S+bO'S RjlJ85(<.YrS|53Ϣ _~mɌ {}kӷ,W@9_Fѥ8ދC֕3tN+jBI#w{xǩ Wѥ:FKXU&=&oI5o}X90Y_wKӓ|!hä@Ffm^K76*&Pc)2W&̟J;/#UUǔ99V)}͓mԞ;$I;69Yg-ZrIU5 sR y'tMJbʟ5.垀+qҁ{}7&K{Q`SŃ?؉clzHk< ^UH^nmٺc9;KNb~ɀ54L`Pc)*?d0eZfOH%0qqXs}th'LaG`Ov[BLM/0|ŷ3 ^]zSeOG4u@$K(; i4_/fpI"\a:4SIse%3,z~fUn}s}+=Э9 YeݜkT9 "<7g}(9πEf'sYj]xC`Gz%,v_'F5jmFeg}YTli0Ztnٝߣq@>Y0PWFCsmGaZLmnʉg//_r ǻo"tN|a4`CDG_S;#?Q \'@k=*HIt _`d2,'!LuobzZv4Im4mPXZ]; 4Rv ^ |W|h|Cr9B\b1+<@!/gO7ܝfnd cҰ'%ź Uz΋59o*\,Dh+"1&( &]dςvBDK琎jRRgŋ~FmWdU"0 Ԁ~z-]]X?TআE,/Hv{KcWM{ZEC~ѻZ?_ST?^J pB%Rx~{~iyoGKs_Bs MGŠB'NMFTh7VZ5p}O^,尧u{IfTV2em4Ze4:ᗊuW!a0z*j:E2z$!$<: |f8[ŮۖyfvG?3%/͞0ƫ@Pb ;G#>}hiAѭ2c~ E֖q^^ hSFylJ K&uƋ(ۊSE*]]μC0[o^g<7pھM>꿫={3T$.mo=<+:yFmF}%* xaIĨ8YR3hP#4}wW;,0#*ŭzSj9R:)Y.msɼub0!2Mw{e۽R}GT@GxA d&x pOjpt/Q:&)`rYHtbtmL j1‰ev855 N-wQlϫ9 F2Ýo? fr'h9 O QEqRex6>`k=$>xq "N}<-t[1'x#ͻb6f207\yE$bl8`WB0V#0{h6x=kc`~~3ˈ(]6ma}fZΡM./-BM\OMaec{LnVC:)`_S%=rٺoyP2y|LRI֬Nvw%mlJ  Us sV y)ذs]yːRHO~foÑ@<ݟo]Wi@ #BP)8g Kzp7>˭E{dar qco/ Gd# z{֕^ ZV3:{後ʭ,=rlGFJ/W> /14Z޷g`7T:V݁Ƀ' "iqKB:Kov v؏jhhV>W \@eY2?\\-p7-9 ^8q/{aԨPms 1VGKk:ϡ71 )rlExifMM*+Jv~(The Meta AI logo on a laptop arranged in Germantown, New York, US, on Wednesday, July 23, 2025. In April, Meta said it could spend as much as $72 billion on capital expenditures this year, with a focus on AI and the data centers used to train and run the models. Photographer: Gabby Jones/Bloomberg,,