Meta reports earnings Wednesday afternoon. Investors will be focused on the implications of DeepSeek’s success — and on the less flashy topic of currency pressures.

DeepSeek’s new AI model—and how it impact Meta’s spending—will be of great interest when the Facebook parent reports earnings Wednesday.

I continue to think that investing very heavily in CapEx and infra is going to be a strategic advantage over time.’

Meta has defended its $65bn (£52bn) investment in artificial intelligence (AI) days after US tech stocks wobbled in the wake of Chinese AI app DeepSeek's sudden rise. Chief executive Mark Zuckerberg said to investors on Wednesday there was a lot to learn from DeepSeek,

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