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Meta reportedly laid off 8,000 employees and reassigned 7,000 workers to AI projects while introducing internal AI systems designed to monitor employee activity for model training purposes.
Meta is reportedly planning to cut 20% of its global workforce while reallocating 7,000 employees to artificial intelligence projects as part of a major restructuring effort.
Meta is reportedly building a consumer AI agent and an AI-powered shopping assistant for Instagram users.
Meta shares fall 10% as investors react to massive AI spending plans and a potential bond sale.
Meta will begin paying creators in stablecoins through Stripe, starting in Colombia and the Philippines, as it expands digital payment options.
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Meta Platforms shares rose 7% after unveiling its new AI model Muse. The launch signals renewed momentum in the company’s artificial intelligence strategy.
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence race.
Mark Zuckerberg builds an AI agent to streamline Meta’s management and reduce organizational layers.
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand for large-scale AI infrastructure.
Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman, strengthening leadership amid AI expansion and regulatory focus.
OnlyFans leads a 2024 global ranking of revenue per employee, generating about $37.6 million per worker and outpacing traditional Big Tech names.
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.