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Meta to report fourth-quarter earnings amid DeepSeek mania and ballooning AI investments

The Guardian on The Guardian
Meta to report fourth-quarter earnings amid DeepSeek mania and ballooning AI investments



Zuckerberg likely to be asked about plans to spend $60-65bn on AI in 2025 as tech giant faces increased competitionMeta will report earnings for the fourth quarter of 2024 after US stock markets close on Wednesday.Analysts will likely ask about Mark Zuckerberg’s plans to spend between $60bn and $65bn on AI infrastructure in 2025. That is up from the $50bn the CEO said he expected to spend at the end of last quarter. But as Meta faces increased competition, especially from new player DeepSeek AI, the company is ramping up its AI efforts. Continue reading…



Source link : https://www.theguardian.com/technology/2025/jan/29/facebook-meta-earnings-report

Author : Johana Bhuiyan

Publish date : 2025-01-29 18:14:15

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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