Meta, Microsoft Defend AI Spending After DeepSeek Rocks Markets

The Chinese upstart has grabbed attention during tech earnings calls.
Meta, Microsoft Defend AI Spending After DeepSeek Rocks Markets
The DeepSeek app on an iPhone screen in San Anselmo, Calif., on Jan. 27, 2025. Justin Sullivan/Getty Images
Andrew Moran
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DeepSeek’s artificial intelligence models rocked the financial markets earlier this week as Wall Street potentially recalculates massive investments in the new tech field.

The Chinese upstart was the centerpiece of Meta’s and Microsoft’s Jan. 29 earnings reports and will likely play an outsized role in other upcoming conference calls among the industry’s titans.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."