Meta CEO Mark Zuckerberg said in Wednesday’s earnings call that the rapid rise of new competitors from China has only bolstered the tech giant’s commitment to its AI ambitions as it spends billions on the emerging tech.

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Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field. "Investing 'very heavily' in capital expenditure and infrastructure is going to be a strategic advantage over time," Meta CEO Mark Zuckerberg said on a post-earnings call. Satya Nadella, CEO of Microsoft, said the spending was needed to overcome the capacity constraints that have hampered the technology giant's ability to capitalize on AI.

SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to the Financial Times. The potential investment would make SoftBank OpenAI's largest single backer, the report said, surpassing Microsoft, which first invested in the ChatGPT maker in 2019. The deal comes after both companies announced last week they would jointly invest $10

Although the revenue and EPS for Waste Management (WM) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

While the top- and bottom-line numbers for Whirlpool (WHR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Tesla is moving quickly to try to play catch-up to its main competition: Alphabet's Waymo.

(Bloomberg) -- Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg exuded confidence in his company’s artificial intelligence strategy, saying 2025 will be a “really big year” in which its AI assistant will become the most widely used in the industry. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Wors

Waste Management (WM) delivered earnings and revenue surprises of -5.03% and 0.18%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

Satya Nadella thinks that AI will scale after DeepSeek’s secrets become commoditized