Meta CEO Mark Zuckerberg, meanwhile, seemed to downplay the threat posed by DeepSeek, saying that the industry is constantly changing and DeepSeek’s announcement is simply a part of that ebb and flow.

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

The race to develop AI has already rewritten the traditional rules of finance, with Big Tech leading the charge.

Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the ...