Leaders at Microsoft and Meta told investors that China’s DeepSeek doesn’t harm their businesses and that they will still spend billions on AI data centers.
Meta's Mark Zuckerberg has moved to encourage optimism after DeepSeek’s AI models sent out multiple shockwaves that rocked Wall Street.
Both Meta and Microsoft committed to huge investments in artificial intelligence, despite new Chinese software outperforming American rivals at a lower cost.
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.
Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week: Here's what we've learnt about the AI boom so far.
DeepSeek will not derail Microsoft and Meta spending a combined $US145bn ($232.3bn) on artificial intelligence this year, with Mark Zuckerberg steaming ahead with plans to build a data centre almost the size of Manhattan.
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.
Tech companies entered the earnings confessional this week after two stellar years riding the artificial intelligence (AI) wave. However, 2025 looks like a different ballgame for tech names as the AI rally is now getting tested after the release of DeepSeek’s low-cost AI model.
It has been a busy week for both Wall Street and Silicon Valley as many tech companies unveil their Q4 2024 earnings reports. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Meta Platforms (META) is in full focus as earnings season kicks off,
The race is on to build the fastest, most efficient AI models and hopefully tech companies will start developing the products we want to use.