The $60 to $65 billion in projected capital expenditures this year is more than double the $27 billion Meta spent in 2023.

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.

Mark Zuckerberg' Meta assembled several"war rooms" of engineers, as The Information reports, in an attempt to get ahead of DeepSeek.

Meta's Mark Zuckerberg has moved to encourage optimism after DeepSeek’s AI models sent out multiple shockwaves that rocked Wall Street.

Meta CEO Mark Zuckerberg expects to spend as much as $65 billion on AI in 2025 as part of a “massive effort” to further the company’s AI ambitions. Part of the plan includes a Louisiana data center that Zuckerberg says “is so large it would cover a significant part of Manhattan,” he wrote on Threads today.

Sam Altman hailed the Chinese firm's low-cost AI model as "impressive" and said OpenAI would accelerate the release of "better models" in response.

DeepSeek, the new chatbot that seemingly dethroned ChatGPT, is all over the news. Here's everything that happened in the last 24 hours.

Zuckerberg expects Meta’s AI assistant — available across its services, including Facebook and Instagram — to serve more than 1 billion people in 2025.

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.

Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.

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