DeepSeek’s artificial intelligence models rocked the financial markets earlier this week as Wall Street potentially recalculates massive investments in the new tech field.
The Chinese upstart was the centerpiece of Meta’s and Microsoft’s Jan. 29 earnings reports and will likely play an outsized role in other upcoming conference calls among the industry’s titans.
With DeepSeek’s artificial intelligence (AI) potentially proving that its technology can mirror or outperform its competitors at a fraction of the cost and resources, Big Tech will remain on the defense regarding its overall AI spending initiatives of the past couple of years.
Meta will not slow down investing in AI capabilities, says Meta CEO Mark Zuckerberg. The social media giant shrugged off the implications of DeepSeek and vowed to invest approximately $65 billion in the new technology, calling it a “strategic advantage.”…