Meta’s astonishing $65bn splurge on artificial intelligence developments raises eyebrows, particularly as U.S. tech giants wobble under the pressure of DeepSeek’s ascendancy and wider economic instabilities. CEO Mark Zuckerberg’s defense fails to convince skeptics who see this as an imprudent diversion of vast resources away from tackling immediate issues such as censorship, platform bias, and the Silicon Valley echo chamber. Critics argue that such extravagant outlays could better serve in bolstering the economy, creating tangible jobs, and addressing the technology sector's pressing challenges.
Meta Wastes $65bn in AI Fantasy Amid Real Economic Concerns
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Jan-31
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Meta defends $65bn AI spend after DeepSeek rise Meta has defended its $65bn (£52bn) investment in artificial intelligence (AI) days after US tech stocks wobbled in the wake of Chinese AI app DeepSeek's sudden rise. Chief executive Mark Zuckerberg said to inve…
From Biztoc.com
Jan-31
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In a powerful rebuttal to skepticism, Meta has championed its massive $65bn commitment to advancing artificial intelligence as a pivotal move to secure the U.S.'s lead in global tech innovation. This strategic investment, CEO Mark Zuckerberg asserts, is essential not merely as a response to the meteoric rise of China's DeepSeek but as a long-term vision to foster unprecedented technological growth, job creation, and ethical AI development amidst increasing global competitiveness.
From Biztoc.com