Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
Read More Microsoft, Meta back big AI spending despite DeepSeek’s low costs
A development in the field of AI that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares.
Read More AI stock shock could spark broader gains in US market
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese AI model.
Read More HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
President Donald Trump has announced that Microsoft is in talks to buy the TikTok app.
Read More Trump: Microsoft Is Considering Buying TikTok App
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure.
Read More Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
The sister of billionaire OpenAI Chief Executive Sam Altman filed a lawsuit accusing him of sexually abusing her regularly between 1997 and 2006.
Read More OpenAI chief Sam Altman denies sexually abusing sister, after she sues him