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Meta defends $65bn AI spend
Is Meta a Better Artificial Intelligence (AI) Stock to Buy Than Nvidia After DeepSeek's Stunning R1 Debut?
DeepSeek just shook up the artificial intelligence (AI) world in the biggest way since OpenAI launched ChatGPT in late 2022. The Chinese company's new R1 large language model (LLM) reportedly matches or beats OpenAI's o1 model on some benchmarks.
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 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 and cloud computing
Microsoft shares slide on cloud outlook; Meta up after Q4 beat
Microsoft shares fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent Meta shares rose after beating expectations, as investors scrutinised the companies' spending on artificial intelligence.
Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft has tested Wall Street's patience by plunking down huge amounts of cash in pursuit of profits from AI that have yet to satisfy investors.
Tech results - as it happened: Microsoft shares slide after cloud growth disappoints; Zuckerberg promises ‘intense’ year for Meta
Microsoft reported a solid jump in revenue in its latest quarter, but sales in its closely watched cloud computing division missed Wall Street forecasts. Group revenue for Microsoft’s fiscal second quarter ending in December rose 12 per cent from the previous year to a quarterly record of $69.
Meta, Wall Street and Q4
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 on its social media properties.
Meta’s Q4 profits exceed Wall Street’s expectations
Meta's fourth quarter profits rose to $48.39 billion thanks to higher ad revenue on its social media properties.
Wall Street weighs on Meta's outperformance in Q4 driven by AI efforts, ad market dominance
On Wednesday after the bell, Meta (NASDAQ:META) reported fourth-quarter results, where it topped forecasts for revenues, profit, and users. Q4 revenues grew 21% year-over-year to $48.39B, easily topping analyst consensus for $46.
19m
on MSN
Meta CEO Mark Zuckerberg is planning to buy property in Washington DC, the latest sign of his ongoing effort to cozy up to Donald Trump
Meta CEO Mark Zuckerberg‘s potential home in Washington DC would add to his already impressive real estate collection, which ...
14h
on MSN
Meta Platforms Sales Soar to Record, Bolstering Zuckerberg’s AI Spending Spree
Revenue grows to $48.4 billion, helping fuel the chief executive’s bets on augmented reality and artificial intelligence.
2d
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 ...
5h
on MSN
Meta stock rises as Zuckerberg hails 'really big year' for AI
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg exuded confidence in his company’s artificial intelligence ...
10h
on MSN
Microsoft, Meta Talk Up Their Big AI Ambitions and Spending Plans
The tech giants vow to barrel ahead despite the jolt from China’s DeepSeek.
1d
Meta Engineers See Vindication in DeepSeek’s Apparent Breakthrough
The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use. Now that ...
Datacenter Dynamics
17m
Meta’s Mesa, Arizona, data center comes online
Meta has brought its Mesa data center in Arizona online. The company broke ground on the initially-$800 million data center ...
18h
on MSN
Forget DeepSeek. Zuckerberg says Meta will spend hundreds of billions on AI.
Meta’s CEO says its consumer AI offering “is going to be one of the most transformative products that we’ve made.” ...
1d
on MSN
DeepSeek Tests Meta’s Ambition for US Open-Source AI Dominance
Mark Zuckerberg has long championed Meta Platforms Inc.’s open-source approach to artificial intelligence software — which ...
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