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 ...
Meta CEO Mark Zuckerberg, meanwhile, seemed to downplay the threat posed by DeepSeek, saying that the industry is constantly changing and DeepSeek’s announcement is simply a part of that ebb and flow.
Major tech stocks sold off this week on DeepSeek jitters, but the mood in the bond market was more forgiving Oracle Corp. on Thursday received a $7.75 billion shot of confidence from bond investors to ...