Meta Platforms CEO Mark Zuckerberg announced the social media company plans to spend as much as $65 billion this year alone to build on its artificial intelligence efforts.
Midlevel staff are often the first targets of corporate downsizing efforts, but Meta’s plan to replace an entire tier of people with AI is a new wrinkle on an old story.
Chinese startup DeepSeek’s launch of its latest AI models triggered a selloff in global tech stocks this week on concerns about rising AI costs in the US.
DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.
Revenue grows to $48.4 billion, helping fuel the chief executive’s bets on augmented reality and artificial intelligence.
The qualitative parallels between Monday’s artificial intelligence bust and the one that hit wildly free-spending telecommunications firms some 25 years ago are uncanny. The quantitative resemblance is mostly hallucinated.
Stocks tumbled after a Chinese AI startup said its models can compete with the likes of ChatGPT and other U.S.-based models at a fraction of the cost.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and SoftBank are leading the newly announced Stargate initiative under President Trump -- a project aiming to invest $500 billion into AI frameworks over the coming years.
Police in India's northern Uttar Pradesh state dismissed rumours shared thousands of times on social media that they had arrested a Muslim man who dressed as a Hindu monk in an apparent bid to attack the Hindu mega-festival Kumbh Mela.
A rainbow-colored fire hydrant presented as a real image of California's state government supposedly prioritizing inclusive policies over providing water was AI-generated, not authentic.
Meta CEO Mark Zuckerberg “loved” an image on Facebook known as "Challah Horse" that happens to be AI-generated, highlighting the amount of AI spam on the platform.