Meta AI cuts

In a significant escalation of its investment in artificial intelligence, Meta, the Silicon Valley tech giant, has raised its spending forecast for the current year and beyond. The company now expects to spend over $70 billion on AI-related initiatives, a substantial increase from its previous projections. This ambitious plan underscores...

In a significant restructuring move, Meta has announced the elimination of 600 jobs within its A.I. Superintelligence Labs division. This decision comes as the company seeks to realign its workforce and correct an earlier aggressive hiring spree in the artificial intelligence sector. The layoffs, however, do not impact Meta’s most...