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,

Oracle's stock surges 8.51% after Trump announces $500B AI initiative, solidifying its role as a key AI provider. CEO Ellison's stake also rises.

A Chinese artificial intelligence startup is rattling Silicon Valley and Wall Street after it demonstrated AI models on par with OpenAI’s — for a fraction of the cost and energy.

DeepSeek R1, the surprisingly efficient and powerful Chinese AI model, has taken the technology industry by storm and is rattling nerves on Wall Street.

DeepSeek's large-language-model launch could wipe nearly $1 trillion in market value from the biggest U.S. tech companies.

"We know how stocks react if they miss on what everyone wants them to hit": Bloomberg's Michael Casper is wary as profit forecasts indicate the slowest quarterly Mag 7 growth for nearly two years. "No small task": After CEO Mark Zuckerberg shared Meta's plans to bring online 1GW of compute this year,

Meta Platforms METAO opens new tab plans to spend as much as 65 billion this year to expand its AI infrastructure CEO Mark Zuckerberg said on Fr

Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.

Tesla Inc CEO Elon Musk earlier this week leveled allegations against OpenAI CEO Sam Altman, accusing him of misleading statements about a $10 billion equity agreement.

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Trump announced a $500 billion project called Stargate backed by SoftBank, Oracle, and OpenAI. The details of this project have