Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Zuckerberg, Musk Vie for AI Primacy With $155 Billion Spree
(Bloomberg) -- Meta Platforms Inc. will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the US tech giants battle it out for supremacy in the next wave of technological advancements.
Tesla Inc. will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics — almost double Wall Street estimates — and plow another $2 billion into Chief Executive Officer Elon Musk’s xAI startup. Musk also said Tesla needs to build its own semiconductor factory.
Investors should look forward to “a major AI acceleration” that’s been brewing within the tech industry for over a year, Meta CEO Mark Zuckerberg said on Wednesday’s earnings call. After an overhaul of the company’s AI program in 2025, Zuckerberg said Meta will soon release new models and products. The stock rose by as much as 11% in New York at the open Thursday after results beat expectations and Meta’s strong ads business convinced investors its planned splurge is viable.
Tesla Inc. will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics — almost double Wall Street estimates — and plow another $2 billion into Chief Executive Officer Elon Musk’s xAI startup. Musk also said Tesla needs to build its own semiconductor factory.
Investors should look forward to “a major AI acceleration” that’s been brewing within the tech industry for over a year, Meta CEO Mark Zuckerberg said on Wednesday’s earnings call. After an overhaul of the company’s AI program in 2025, Zuckerberg said Meta will soon release new models and products. The stock rose by as much as 11% in New York at the open Thursday after results beat expectations and Meta’s strong ads business convinced investors its planned splurge is viable.
https://finance.yahoo.com/news/samsung-chip-profit-soars-ai-224818003.html
https://www.bloomberg.com/news/articles/2026-01-28/samsung-s-chip-profit-soars-after-ai-supercharges-memory-market?srnd=homepage-americas
It would make me smile to see Zuckerberg and Musk fall flat on their faces on this.