Meta's top AI scientist, Yann LeCun, said there was a "major misunderstanding" about how billions in AI investment will be used.
SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company.
Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.
The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use. Now that bet is having an impact.
Meta and other AI competitors are facing challenges from China's DeepSeek as its new AI model outperforms competitors at lower costs.
The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also reported revenue and profit growth for the fourth quarter.
Nvidia stock could benefit from these massive AI infrastructure investments.
Meta's Mark Zuckerberg has moved to encourage optimism after DeepSeek’s AI models sent out multiple shockwaves that rocked Wall Street.
Mark Zuckerberg’s confidence: The Meta chief executive officer predicted a “really big year” in which the social media company’s “highly intelligent and personalized AI assistant” will reach more than 1 billion people on its platforms.
Meta is in crisis mode after DeepSeek, a Chinese AI startup, launched a game-changing AI model. Reports indicate that Meta assembled four “war rooms” to investigate how the new model, backed by High-Flyer Capital Management, developed its R1 chatbot.