Tag: AI market disruption
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Mark Zuckerberg Says Meta Will Continue to Invest Billions in AI Despite DeepSeek Disruptions
Meta CEO Mark Zuckerberg has reaffirmed the company’s commitment to hefty investments in artificial intelligence (AI), despite recent turbulence in the market sparked by DeepSeek’s rapid advancements. The announcement came during Meta’s earnings call on Wednesday, where Zuckerberg reassured investors that AI remains a core focus for Meta’s long-term strategy. The statement follows a dramatic…
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US Tech Stocks Plunge as China’s DeepSeek AI Challenges Market Dominance
In a dramatic turn of events, U.S. tech stocks witnessed a significant dip on Monday following the emergence of a low-cost Chinese artificial intelligence (AI) model, DeepSeek AI. This new development has sent ripples through global markets, casting doubts on the dominance of U.S. companies in the AI sector and raising questions about their heavy…
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