Meta CEO Mark Zuckerberg teased a "return to OG Facebook" as part of his key goals for 2025 in Wednesday's Q4 earnings call with investors. While the
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."
CEO Mark Zuckerberg announced that Meta Platforms (META.O) plans to invest as much as $65bn in 2025 to expand its artificial intelligence (AI) infrastructure. This substantial investment aims to bolster Meta’s AI capabilities and strengthen its competitive position against rivals such as OpenAI and Google in the rapidly evolving AI market.
Meta CEO Mark Zuckerberg expects to spend as much as $65 billion on AI in 2025 as part of a “massive effort” to further the company’s AI ambitions. Part of the plan includes a Louisiana data center that Zuckerberg says “is so large it would cover a significant part of Manhattan,” he wrote on Threads today.
On Friday, Mark Zuckerberg announced a $60-65 billion investment into Meta AI.
But what stays with me isn’t the overwrought antipathy between Elon Musk and Mark Zuckerberg, the tetchy tech titans who, in the summer of 2023, made noises — let’s call them grunts — about demonstrating their reciprocal disdain by squaring off and throwing down on the kind of stage used for Ultimate Fighting Championship events.
US stocks struggled to make headway on Thursday as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. After the Federal Reserve stood pat on interest rates as expected,
The S&P 500 ( ^GSPC) moved up roughly 0.3%, while the Dow Jones Industrial Average ( ^DJI) added 0.1%. The tech-heavy Nasdaq Composite ( ^IXIC) was little changed, in the wake of a losing day on Wall Street for the gauges.
Mark Zuckerberg said that 2025 will be a “pivotal year for the metaverse” as Meta's Reality Labs' losses reach $60 billion since 2020.
Meta Platforms (META), the parent company of Facebook, Instagram, WhatsApp, Oculus, Threads and other brands, is scheduled to report fourth
The meteoric rise of Chinese start-up DeepSeek may have shaken Wall Street's confidence in some favorite trades, but it’s unlikely to change the immediate outlook for the spending that has fueled the AI rally,
Meta (META) will report its fourth quarter earnings after the bell on Wednesday, and analysts and investors will be looking for signs that the company’s massive AI spending is continuing to pay off. Last week,