Meta's top AI scientist, Yann LeCun, said there was a "major misunderstanding" about how billions in AI investment will be used.
The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.
Nvidia stock could benefit from these massive AI infrastructure investments.
OpenAI claims to have found evidence that Chinese AI startup DeepSeek secretly used data produced by OpenAI’s technology to improve their own AI models, according to the Financial Times. If true, DeepSeek would be in violation of OpenAI’s terms of service. In a statement, the company said it is actively investigating.
OpenAI is in talks for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion, the Wall Street Journal reported on Thursday.
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.
We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Meta Platforms, Inc.
Data center technology spending skyrocketed 34 percent in 2024, according to Synergy Research Group. It is soaring past a half a trillion dollars in the first month of 2025 as banks and technology vendors vie to build out massive AI compute.
Meta's Mark Zuckerberg has moved to encourage optimism after DeepSeek’s AI models sent out multiple shockwaves that rocked Wall Street.
Global tech investor SoftBank Group is in discussions to lead the round, with plans to contribute between $15 billion and $25 billion.
SoftBank Group (TYO:9984) is in talks to lead a funding round of up to $40 billion in OpenAI, valuing the ChatGPT maker at $300 billion, sources said. If finalized, this would mark a record-breaking private funding