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.
By Aditya Soni and Deborah Mary Sophia (Reuters) -Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI ...
That was the combined capital spending by Microsoft and Meta Platforms last quarter, nearly double a year earlier. The bulk of it went on chips and data centers to power generative AI services. Read w ...
Chinese startup DeepSeek claims to offer competitive AI models at lower costs, raising doubts about U.S. tech giants’ ...
Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud ...
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.
Days after Chinese upstart DeepSeek reveals a breakthrough in cheap artificial intelligence (AI) computing that shook the US ...
Data center technology spending skyrocketed 34 percent in 2024, according to Synergy Research Group. It is soaring past a ...
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk. Photo credit: Getty The Fed is used to steering ...
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