Meta's Mark Zuckerberg defends $65bn AI spend after DeepSeek rise
Published On Jan 29, 2025, 7:18 PM
Meta's CEO Mark Zuckerberg defended the company's substantial $65 billion investment in artificial intelligence, stating that recent developments, including the rise of the Chinese AI app DeepSeek, reinforce their strategy. Despite a dip in US tech stocks due to DeepSeek's emergence, Meta's stock increased after unexpectedly strong financial results. Zuckerberg emphasized the importance of Meta's open-source AI approach and stated that investing heavily in AI infrastructure would provide a competitive advantage. The company also addressed plans to revitalize the Facebook platform amidst competition from apps like Instagram and TikTok.
Stock Forecasts
META
Positive
Meta's commitment to open-source AI and the substantial spending could position them well in this emerging sector, especially as global competition intensifies. Their recent positive financial results, coupled with a strategic pivot towards AI, suggest a solid foundation for growth.
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