Meta says it will cut 8,000 jobs as AI spending grows
Source: BBC
A key reason for the layoffs is Meta's increased spending in other areas of the company, including AI, for which it will this year spend $135bn (£100bn). This is roughly equal to the amount it has spent on AI in the previous three years combined, according to a person who viewed the memo. BBC - For more and to sign up click here To Return to the Main Aggregate News Page - click here
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