This article came out on jan 24th. They are spending goobers and goobers amount of money to stay in the ai game ....but with the news out today about deepseek I wonder now if they are going to spend that whole $65 billion to compete in this hyped up ai game where as of now there hasn't been much of any way to monetize ...so i guess it's spend as much as you can today and then figure out at the very end how monetize ...got it. https://www.investopedia.com/meta-p...lans to Spend as,Year for AI' Says Zuckerberg
They say he wasted $46 Billion on the Meta Verse. Those are rookie numbers, he is looking to spunk double that on AI this time. He should outsource to China, and get it done for just $6.5 million instead of $65 billion, save 99.99%
An anonymous Meta employee shared their frustrations in a post on the professional forum Blind, titled, “Meta GenAI Org in Panic Mode.”
The actual AI crash on stocks in that area is stupid, because it is not about how much you can save on equipment for a certain level of AI functionality. It is about to get the maximum out of any equipment. So Deepseek just showed that with the given spendings in AI from US companies they should get much more better AI than Deepseek if used wisely. So this can be also just seen as boomerang that AI will be very soon much better than beyond any expectation when all the money spent and equipment used is 100% efficient (as efficient as Deepseek used it). So instead of -5% to -10% in AI stocks this day can also be seen as the opposite of much more potential in the AI space, so they also could easily do +20% because of Deepseek results! If there is much more fantasy right now in AI because of the shown efficiency of used ressources than AI stocks can easily double or triple this year alltogether. It is good buying opportunity for all AI stocks today !!! Since Deepseek has its results open sourced for everyone, you can be sure the big tech companies will use this latest found efficiency of ressources to their own favor very soon. Soon you will fantastic new results what is possible with AI if all the money spent is used with that seen efficiency! Cause the current level of AI is only a temporary milestone you can expect a much better AI overall in the future. And guess what with the seen latest findings on efficiency and having it all on the fingertips with open source code from Deepseek you can expect a much better AI very soon. It will boost all earnings A LOT on companies using AI.
Famous quote by J.C. Penney - “Half the money I spend on advertising is wasted; the trouble is I don't know which half”. It is easy to look back with the benefit of 20-20 hindsight and say that Meta should not have spent that much on the MetaVerse. But Meta the company continues to dominate the lucrative social media industry, and if they waited until it was 100% certain that any new technology was going to be a winner, they risk losing that dominant status.
i think the metaverse investment was about Zuckerberg saving his job. It happened when he was on the ropes after the 2016 election.
With China's lead and prowess in software, Meta can now invest in millions, not billions. Of course Meta have to figure out how DEEPSEEK do it