SOUMAYA KEYNES, Financial Times; The slow sucking sound of AI
"When AI has solved cancer and climate change, no one will be sniping about whether too much money and electricity were poured into the industry."
Showing posts with label investments in AI. Show all posts
Showing posts with label investments in AI. Show all posts
Thursday, August 20, 2026
Thursday, April 23, 2026
Meta will cut 10% of workforce as company pushes deeper into AI; CNBC, April 23, 2026
Jonathan Vanian, CNBC; Meta will cut 10% of workforce as company pushes deeper into AI
"Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues ramping up investments in artificial intelligence.
The cuts will begin on May 20, and the company is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees. Bloomberg was first to report on the layoffs.
Meta’s latest round of cuts follows several smaller job reductions that the company said was necessary to to improve efficiency while focusing its efforts on generative AI, where it’s lagged OpenAI, Google and Anthropic."
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