During recent earnings calls, major tech companies including Meta and Microsoft defended their substantial AI investments, planning to spend over $60 billion each this year. Concerns arose over DeepSeek's cheaper AI model, which investors worried might indicate Big Tech's overspending on infrastructure. However, executives from Apple, Meta, and Microsoft reaffirmed their commitment to their AI strategies. Meta aims to invest $60 billion to $65 billion in AI by 2025, stressing that aggressive investment is critical for its future financial success. Microsoft is facing high demand for AI solutions, impacting its data center operations.
Big Tech execs like Zuckerberg, Nadella, Cook, and Musk reiterated their commitment to hefty investments in AI, indicating the ongoing 'AI arms race' despite competition from companies like DeepSeek.
DeepSeek's cheaper AI model raised concerns among investors, but major tech companies showed unwavering support for their expansive AI spending strategies in their recent earnings calls.
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