Microsoft, Meta back big AI spending despite DeepSeek's low costs
Microsoft has earmarked US$80 billion ($128 billion) for AI in its current fiscal year, while Meta has pledged as much as US$65 billion. That is a far cry from the roughly US$6 million DeepSeek said it has spent to develop its AI model.
Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud ...
Meta and Microsoft are investing heavily in cloud and AI infrastructure, but face challenges from DeepSeek. Both focus on growth and optimization.
Data center technology spending skyrocketed 34 percent in 2024, according to Synergy Research Group. It is soaring past a ...
Meta’s recent strength stands in contrast to Microsoft Corp., which has seen its shares falter on concerns about heavy AI spending — including its stake in OpenAI, a key competitor to DeepSeek.
Nvidia stock could benefit from these massive AI infrastructure investments.
The CEOs of the two companies said the massive AI spending was crucial to staying competitive in the new field ...
The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use. Now that ...
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Dow Jones Futures: Tesla, Microsoft, Meta, Fed Decision Loom; 10 New Stock BuysDow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures.The Federal Reserve meeting will ...
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