Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner writes that the emergence of an AI model developed at a lower cost by a Chinese startup might prove beneficial to Meta Platforms Inc.
Meta CEO Mark Zuckerberg is said to be eyeing a mansion in Washington, D.C., according to Financial Times. This possible move is seen as a sign of his ambition to work more closely with the Trump administration on key issues like artificial intelligence (AI) regulation.
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said his company will invest between $60 billion and $65 billion in capital expenditures related to artificial intelligence in 2025, well above the figure analysts had been projecting.
Mark Zuckerberg is making a statement – on his wrist. The Meta CEO recently appeared in a Facebook video wearing the ultraexclusive Greubel Forsey Hand Made 1, a luxury timepiece that costs over $900,
Mark Zuckerberg is ready to put tens of billions of dollars toward making Meta (META) an artificial intelligence leader this year.
The announcement of DeepSeek's R1 model led to significant market reactions, with notable declines in tech stocks, including a substantial drop in Nvidia's valuation. This downturn was driven by concerns that more efficient AI models could reduce the demand for high-end hardware and, by extension, the expansive data centers that house them.
Social media platforms in Canada are hosting hundreds of ads from scam artists pretending to be news publishers, while suppressing authentic news content.
Meta Platforms Inc. shares are on track for their longest streak of daily gains in almost a decade, with its latest earnings report adding to investor confidence about its strategy with artificial intelligence.
Investors believe DeepSeek’s AI debut will not impact the Magnificent Seven companies, with 88% of respondents expecting minimal effects on the S&P 500. The survey highlights President Trump’s policies as a primary driver of market volatility this year,
Stocks bounced around but settled higher Thursday as mixed tech earnings and tariff comments made for a choppy day of trading.These stocks made moves Thursday:Tesla reported fourth-quarter adjusted earnings of 73 cents a share,
Potential buyers are finally seeing some signs that X might be bouncing back after the platform reportedly suffered serious losses under Elon Musk.