Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
By Aditya Soni and Deborah Mary Sophia (Reuters) -Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI ...
DeepSeek defense: Microsoft earnings will offer new chance to detail AI capital spending plans
Reporting quarterly earnings Wednesday afternoon, it will be tough for Microsoft to avoid the issue of the AI breakthroughs ...
CT’s free-spending past leaves some wary of easing budget caps
The last time Connecticut's revenues boomed, the state spent far more than it saved. Some conservatives fear Democrats will ...
Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in ...
Mark Zuckerberg reveals thoughts on DeepSeek as Meta’s AI spending under scrutiny
Chinese startup DeepSeek’s launch of its latest AI models triggered a selloff in global tech stocks this week on concerns ...
US businesses boosted equipment spending heading into 2025
New orders for key U.S.-manufactured capital goods increased more than expected in December, but business spending on ...
Microsoft capital expenditures soar in Q2
Microsoft said that its capital expenditures soared in its fiscal second quarter $22.6 billion, up 96% from $11.5 billion a year ago, to support the demand in its cloud and AI offerings. In its slides ...
Nvidia Was One of the Largest Companies by Market Cap in 2024. Will It Continue to Succeed in 2025?
Nvidia ( NVDA -3.12%), a leading semiconductor company, has seen its share price soar 500% over the past three years, pushing ...
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Cap on prescription drug spending should help seniors save money. Will Trump keep the law?
The new cap — part of the 2022 Inflation Reduction Act — started in the new year. It's unclear whether the Trump administration will keep or repeal the law.