💨 Abstract

The article discusses the response of Microsoft and Meta CEOs to the low-cost AI computing breakthrough by Chinese startup DeepSeek. The CEOs defended their companies' heavy spending on AI, stating it is essential to remain competitive in the field. They argued that building large computer networks is necessary to meet growing corporate demands. However, investors are losing patience with the high spending and lack of significant returns, as evidenced by Microsoft's underperforming shares.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖