Meta Platforms, Inc. Class A Common Stock (META)
Meta Layoffs Included Employees Who Monitored Risks to User Privacy
While the company announced job cuts in artificial intelligence, it also expanded plans to replace privacy and risk auditors with more automated systems.
Meta Is Laying Off 600 Workers in Its AI Division—What You Need to Know
Booming profits and demand for AI hasn't stopped Meta (META) from laying off employees.
Can META's Focus on Adding User-Friendly Features Boost Ad Revenues?
Meta Platforms boosts engagement with AI-driven tools across Facebook, Instagram, WhatsApp and Threads, fueling ad growth and user expansion.
Meta Laying Off About 600 Staff At AI Superintelligence Labs—Here's What's Impacted
The layoffs come only months after Meta CEO Mark Zuckerberg pursued a multi-billion dollar effort to scale up the social media company's AI efforts, which he announced in June would be handled by a “Superintelligence Lab.” That same month, Meta announced a $14.3 billion investment in Scale AI, the company co-founded by Wang, and recruited him to run its AI division.
Meta AI layoffs today: 600 jobs are already being cut from Alexandr Wang's superintelligence lab
Meta, which owns and operates Facebook and Instagram—as well as Threads, Messenger, and WhatsApp—announced on Wednesday it is laying off about 600 employees from its new AI “superintelligence” research lab. The news was first reported by Axios.
Meta cuts 600 AI jobs amid ongoing reorganization
Meta's chief AI officer, Alexandr Wang, wrote in a memo to staff on Wednesday that the company will cut about 600 jobs from its superintelligence lab, according to a report from Axios.
Meta Platforms (META) Reports Next Week: Wall Street Expects Earnings Growth
Meta Platforms (META) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Meta Platforms to cut 600 AI jobs in restructuring move
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is expected to eliminate about 600 employee positions in its AI unit, Axios reported on Wednesday, citing a company memo. The job reduction will impact Facebook's AI Research Unit (FAIR) and other AI units, excluding the company's TBD Lab.
META Stock Is On The Edge: 3 Threats That Can Crash The Stock
META stock has a clear history of extreme stock volatility. In recent years, the stock has experienced four separate corrections where its value plummeted by over 30% in less than two months, swiftly wiping out billions in market capitalization.
META's Next Big Test: Previewing Its Fast-Approaching Q3 Earnings
Three of the world's most important tech companies will report financial results after hours, setting up the opportunity for the market to make a big move.
Meta, Blue Owl and AI: Here are the details of Wall Street's biggest private-capital deal ever
Meta and Blue Owl struck a record $27 billion joint venture for the tech giant's Hyperion data center, signaling a pivot in how Big Tech is funding its AI ambitions.
Meta partners with Blue Owl Capital on $27 billion AI data center project
Meta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and develop the massive Hyperion data center in rural Louisiana. The asset management firm will own 80% in the joint venture, while Meta will retain a 20% stake and oversee the construction and property management services of the data center.
