Big Tech isn’t backing down from its big AI spending

• Tech giants appeared to defend their heavy AI investments during their latest earnings calls.
• Both Meta and Microsoft plan to spend over $60 billion on building out AI infrastructure this year.
• DeepSeek’s seemingly cheaper AI model has raised questions.

DeepSeek may have spooked investors at the start of the week, but tech giants are doubling down on their plans to invest heavily in AI.

Apple, Microsoft, Meta, and more reported earnings on Wednesday and…