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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,
Meta Platforms Vs. Microsoft: The DeepSeek And Agentic AI Showdown
Meta and Microsoft outperformed in Q4 and Q2 earnings but saw diverging market responses. See why META and MSFT stocks are poised for growth with agentic AI.
Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
Satya Nadella, CEO of Microsoft, said the spending was needed to overcome the capacity constraints that hampered the tech giant's ability to capitalize on AI.
Meta to pay $25M to Trump
Low sales threaten Meta’s AI investments amid $25m Trump settlement
Meta Platforms expects its sales in the first quarter of 2025 to be around $39.5 billion. The figures fall short of the $41.7 billion analyst projections. The
Meta to pay $25 million to settle Donald Trump lawsuit, Zuckerberg hails administration
The suit was brought after Facebook, among other social media platforms, suspended Trump's account following the Jan. 6 insurrection that attempted to overthrow the 2020 election.
Meta to Pay $25 Million to Settle Trump's 2021 Lawsuit Over Suspended Accounts
Discussions about the lawsuit, which had not gotten very far since the fall of 2023, started again after Meta CEO Mark Zuckerberg visited Trump's Florida Mar-a-Lago club for a din
1d
on MSN
Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta turned in a big beat for the fourth quarter of 2024, with the parent of Facebook and Instagram reporting record ...
6d
Meta to invest up to $65 billion this year to power AI goals, Zuckerberg says
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core ...
3d
Prediction: This Artificial Intelligence (AI) Stock Will Be Worth More Than Meta in 2025
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and ...
17h
on MSN
Meta CEO Mark Zuckerberg says DeepSeek will 'benefit' the company and the future of its AI business
Meta CEO Mark Zuckerberg and CFO Susan Li spoke of the benefits of DeepSeek's flagship AI model to its company in a leaked ...
CRN
20h
AWS, Meta, Microsoft, Nvidia And Oracle: Five Data Center Deals Worth $676B Announced This Month
Data center technology spending skyrocketed 34 percent in 2024, according to Synergy Research Group. It is soaring past a ...
1d
on MSN
Meta Platforms Revenue Tops Estimates
Meta Platforms posted robust earnings, surpassing expectations due to gains in AI-driven advertising, despite challenges with ...
2h
New Meta data center in Mesa makes sustainability pledges amid critics' doubts
Meta unveils a data center in Mesa with pledges of sustainability at a time when critics are raising louder concerns about ...
22h
on MSN
Broadcom Stock Gains. Why the AI Chip Maker Got a Boost From Meta.
Broadcom stock was getting a much-needed boost early Thursday. The company looks set to benefit from greater use of its chip ...
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