Meta defends $65bn AI spend

Meta defends $65bn AI spend after DeepSeek rise
Meta has defended its $65bn (£52bn) investment in artificial intelligence (AI) days after US tech stocks wobbled in the wake of Chinese AI app DeepSeek's sudden rise. Chief executive Mark Zuckerberg said to investors on Wednesday there was a lot to learn from DeepSeek,
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.
Zuckerberg Says DeepSeek ‘Strengthened Our Conviction' as Meta Spends Big on AI
Key Takeaways Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions. The CEO said it’s too early to know how growing competition from China could impact its future investments.
Zuckerberg says Meta won't slow down AI spend despite DeepSeek's breakthrough
Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won’t likely curb Meta’s AI spending.
Microsoft, Meta, Tesla earnings on deck as DeepSeek triggers AI rethink
Markets are looking for assurances that DeepSeek hasn't completely disrupted the AI investment thesis. They may be disappointed.
Meta agrees to pay $25 million to settle Trump lawsuit over suspended accounts
Meta, along with nearly every other major tech company, suspended Trump’s accounts in 2021 after the Capitol attack by his ...
Microsoft and Meta AI Splurge Still Not Enough for Nvidia
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.
Meta employees 'protest' removal of tampons from men's rooms by bringing their own: 'Subtle resistance'
Meta employees are reportedly bringing their own women's sanitary products to men's rooms to protest Meta CEO Mark Zuckerberg ...
Meta posts sharply higher Q4 profit, revenue, topping Wall Street’s expectations
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue ...
Meta says end of fact-checking hasn’t impacted ad spend
Meta says its controversial decision to put an end to its fact-checking program hasn't impacted advertiser spend. On its Q4 ...
Meta Smashes Earnings Expectations in Q4, Mark Zuckerberg touts “U.S. Administration That Is Proud of our Leading Companies”
Meta Platforms Inc., the parent company of Facebook and Instagram, revealed a blowout Q4 in its latest earnings report, but ...
Mark Zuckerberg: DeepSeek shows why U.S. must be AI’s ‘global open source standard’; no reason to rethink spending
Meta re-affirmed its plan Wednesday to spend between $60 billion and $65 billion in capital expenditures this year.
Reality Labs bleed grows but Zuckerberg vows ‘pivotal year’ for the metaverse
Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta ...