Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI | TechCrunch
U.S. markets panicked on Monday over speculation that DeepSeek’s AI models would crush demand for GPUs, with Nvidia’s stock dropping almost 20%.
But Meta isn’t backing off, with its CEO Mark Zuckerberg pledging that the tech giant would invest “very heavily” in AI – even “hundreds of billions of dollars” – over the long term, he said during Meta’s first quarter earnings call on Wednesday.
Zuckerberg already announced last week that Meta would spend over $60 billion in 2025 alone on capital expen...
Read more at techcrunch.com