Meta

Meta and OpenAI’s compute crunch gives Arm a big opportunity

ARM has long run its business as an architect behind the scenes, designing chips that power almost all the world’s smartphone and making money off royalties from the chips it designs for customers. Loading audio narration… Now, Arm is changing it up by announcing its own AI chip, the Arm…

Meta is laying off hundreds of employees across Reality Labs and other groups

Meta began laying off hundreds of employees across the company on Wednesday, according to a person familiar with the matter and LinkedIn posts from affected staff.The global cuts affected employees in Reality Labs, Facebook, recruiting, sales, and global operations, the source familiar said.A handful of employees who worked in Reality…

Meta Boss Says AI Is Letting One Employee Do the Work of Entire Teams

Meta CEO Mark Zuckerberg says AI is transforming what a single employee can accomplish at the company, signaling it’s adopting a new hiring strategy.On an earnings call with analysts Thursday, Meta boss Mark Zuckerberg said the company is investing in more AI-native tools to elevate individual contributors and flatten teams.…

Wall Street Reacts to Microsoft, Meta Capex Raise

Wall Street had very different reactions to two of Big Tech’s biggest spenders after quarterly earnings reports came out on Wednesday.Both Meta and Microsoft reported higher-than-expected capex. While both companies beat revenue expectations, Microsoft’s stock sank more than 6% after-hours, while Meta’s stock jumped as high as 9%.Big Tech’s spending…