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.
https://www.bbc.com/news/articles/crm1y89vek8o?at_medium=RSS&at_campaign=rss,
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