Meta's top AI scientist, Yann LeCun, said there was a "major misunderstanding" about how billions in AI investment will be used.
The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use. Now that bet is having an impact.
Earnings for Amazon stock are due Feb. 6 and management will likely comment on the sudden emergence of DeepSeek.Controlled by Chinese hedge fund High Flyer, DeepSeek competes with U.S. companies like startups OpenAI and Anthropic as well as tech giants like Google-parent Alphabet and Meta Platforms.
Nvidia stock could benefit from these massive AI infrastructure investments.
China's DeepSeek disrupts AI industry, causing major market losses, while offering cost-effective AI assistant with less data requirements.
Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.
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.
Meta's Mark Zuckerberg has moved to encourage optimism after DeepSeek’s AI models sent out multiple shockwaves that rocked Wall Street.
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
Mark Zuckerberg’s confidence: The Meta chief executive officer predicted a “really big year” in which the social media company’s “highly intelligent and personalized AI assistant” will reach more than 1 billion people on its platforms.