By Gerrit De Vynck and Naomi Nix, washingtonpost.com, 1-30-25
Days after the overnight success of Chinese chatbot DeepSeek wiped a trillion dollars off the value of U.S. tech stocks, software CEOs are telling investors that the artificial intelligence revolution is still on track.
On earnings calls Jan. 29, the leaders of Meta and Microsoft said they still plan to spend tens of billions of dollars this year on new chips and data centers for AI. They said the huge investments can still pay off in a world where upstarts like DeepSeek give away cutting-edge AI software that others can build on.
Both CEOs also indicated that they expected capable AI software to be increasingly available at low cost or free – a trend that could put pressure on companies dependent on charging others to access private AI models. » Read More