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Microsoft, Meta CEOs Defend Hefty AI Spending
Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
By Aditya Soni and Deborah Mary Sophia (Reuters) -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.
Microsoft, Meta back big AI spending despite DeepSeek's low costs
Microsoft has earmarked $80 billion for AI in its current fiscal year, while Meta has pledged as much as $65 billion
Microsoft, Meta Talk Up Their Big AI Ambitions and Spending Plans
The tech giants on Wednesday talked up their AI strategies and said they are sticking with ambitious investments in the technology despite the investor panic this week over the ri
2h
on MSN
Microsoft's cloud outlook knocks shares, Meta rises on AI payoff signs
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI ...
CRN
10m
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 ...
3h
1MSFT, META : Meta Vs. Microsoft: Can Their AI Infrastructure Plans Hold Up Against...
Meta and Microsoft are investing heavily in cloud and AI infrastructure, but face challenges from DeepSeek. Both focus on growth and optimization.
12h
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 ...
1d
Meta, Microsoft And Tesla All Report Earnings After The Close
Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, ...
14h
Microsoft and Meta forecasts disappoint as AI race heats up
STORY: Tech giants Microsoft and Meta failed to impress the market on Wednesday as both companies delivered glum outlooks.:: ...
16h
on MSN
Microsoft and Meta’s AI Splurge Still Not Enough for Nvidia
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.
21h
Nasdaq 100: Microsoft and Meta Earnings Today—Will AI Investments Pay Off?
Microsoft and Meta report earnings today, with AI investments and cloud growth in focus. Can these tech giants sustain their ...
6h
Meta, Microsoft Fail to Answer Big AI Question. Tech Faces a Dot-Com Moment and 5 Other Things to Know Today.
A plane carrying 64 crashes with an Army helicopter near Washington, Tesla’s quarter was lackluster as investors look to future, and more news to start your day.
1d
This AI stock might 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 ...
4h
on MSN
Nvidia Stock Falls. What Microsoft and Meta Earnings Mean for the AI Chip Maker.
Investors were looking to Microsoft and Meta to provide reassurance that they will keep spending heavily on Nvidia chips.
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