Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field.
Meta turned in a big beat for the fourth quarter of 2024, with the parent of Facebook and Instagram reporting record ...
cryptopolitan on MSN3h
Low sales threaten Meta’s AI investments amid $25m Trump settlementMeta Platforms expects its sales in the first quarter of 2025 to be around $39.5 billion. The figures fall short of the $41.7 ...
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core ...
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and ...
Chinese startup DeepSeek’s launch of its latest AI models triggered a selloff in global tech stocks this week on concerns ...
Meta Platforms stock (META) had ticked up less than 1% after a somewhat delayed release to its Q4 earnings, but it rose 5% as ...
Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI ...
The Manila Times on MSN4h
Meta's profits soar 59pc as AI investment plans drive market optimismSocial media giant Meta yesterday reported surging profits and revenue for 2024, announcing ambitious plans to expand its ...
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital ...
Hosted on MSN2d
Meta to invest up to $65bn in AI infrastructure expansionMeta has announced plans to invest up to $65bn this year to expand its AI infrastructure. In a Facebook post, Meta chief ...
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