We recently published a list of 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks making waves on Wall Street.
The inside is a sad sight with month-old Thanksgiving leftovers, a carton of eggs, soda, condiments, a tub of Greek yogurt, and a big jug of maple syrup. Meta-AI-as-John-Cena replies that I can make a “variety of breakfast dishes,” such as “scrambled eggs, omelets, or yogurt parfaits.”
Meta’s Yann LeCun asserts open-source AI is the future, as the Chinese open-source model DeepSeek challenges ChatGPT and Llama, reshaping the AI race.
Chinese AI firm making waves in Silicon Valley
DeepSeek’s latest models, created by a small company with limited resources, are already beating many of the leading AI models in the United States.
Meta's chief AI scientist, Yann LeCun, said DeepSeek's success with R1 said more about the value of open-source than Chinese competition.
Meta CEO Mark Zuckerberg said the company plans to up its capital expenditures in 2025 as it aims to keep pace with rivals in the AI space.
Artificial intelligence startup DeepSeek released the latest version of its open-source AI last week, which rivals the best models of tech giants like Meta and ChatGPT creator OpenAI. DeepSeek-R1 surpasses its rivals in several key metrics, while also costing just a fraction of the amount to train and develop.
The company plans to spend up to $65 billion on infrastructure for AI in 2025, and is planning a data center with a footprint almost as large as Manhattan.
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
The company intends to use the funds to build a data center “so large that it would cover a significant part of Manhattan,” Zuckerberg said in a Facebook post.
Apple AR glasses, smart glasses, and AirPods with cameras have to happen because Apple has to extend AI beyond the iPhone.