The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.

Meta — and the rest of Big Tech — has been chasing face computers for years. Maybe 2025 will be the year it happens?

Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.

Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.

Meta AI will curate responses based on the information you've supplied across Facebook, Instagram, Messenger, and WhatsApp, but you can delete that data.

Meta's chief AI scientist, Yann LeCun, said DeepSeek's success with R1 said more about the value of open-source than Chinese competition.

Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle and SoftBank are leading the newly announced Stargate initiative under President Trump — a project aiming to invest $500 billion into AI frameworks over the coming years.

"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."

Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg defended the company’s ambitious spending plans, predicting a “really big year” in which its artificial intelligence assistant will become the most widely used in the industry.

With AI, though, it’s different. The stakes are different – the impact on our society and our personal lives is different. So it helps to know a little more about how AI agents, LLMs and neural nets, are making decisions and processing what’s around them.