Meta Plans 20% Workforce Cut to Offset AI Spending
Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
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Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
Nebius shares surged after Nvidia announced a $2 billion investment to build next-generation AI cloud infrastructure. The partnership aims to scale high-performance computing platforms for large artificial intelligence workloads.
Apple introduced M5 Pro and M5 Max chips alongside updated MacBook Pro models focused on peak performance and on-device AI. The company also launched new Studio Displays, refreshed the iPad Air with M4, and revealed the iPhone 17e starting at $599.
Nvidia reported record fourth-quarter revenue of $68.1 billion, up 73% year over year, as artificial intelligence demand continued to fuel explosive growth. Net income surged 94% to $43 billion, well above analyst expectations.
U.S. software stocks are tumbling in 2026 as investors fear sudden AI breakthroughs could render established products obsolete. The sector’s slide has accelerated despite steady earnings, with major names posting double-digit losses.
Shares of EPAM Systems fell 20% after the IT services firm issued a cautious 2026 outlook, overshadowing better-than-expected quarterly results. The drop marked the worst performance in the S&P 500 for the session.
SoftBank posts record profit as AI investments surge, including a $30 billion increase in its stake in OpenAI.
Alphabet raises $20 billion in bonds to finance large-scale investments in artificial intelligence infrastructure.
Major tech firms pledge to pay for data center power infrastructure so U.S. households will not bear the cost.
The AI.com domain sells for a record $70 million to Chris Marshall for use in a new AI project.
AWS reports its fastest quarterly growth in more than three years, driven by enterprise cloud migration and rising AI demand.
Apple’s market capitalization has climbed back to $4 trillion, returning the company to second place among the world’s most valuable corporations. While rivals pour hundreds of billions into artificial intelligence, Apple’s restrained approach is winning investor approval.
SpaceX acquires xAI for $250 billion, valuing the combined business near $1 trillion with IPO estimates above $1.75 trillion.
SpaceX has officially announced the acquisition of Elon Musk’s artificial intelligence company xAI, framing the move as a step toward accelerating humanity’s technological future. The deal brings together space infrastructure and AI development under a single corporate umbrella.
OpenAI is quietly developing a new social network and considering biometric identity verification to combat bots, according to Forbes. The platform may use Worldcoin’s iris-scanning Orbs or similar technologies to ensure users are real people.