Meta to cut 600 jobs from its AI division
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Meta will lay off 600 employees from its artificial intelligence (AI) unit, according to a CNBC report. These cuts were announced in a memo by Chief AI Officer Alexandr Wang, who was hired in June as part of Meta’s $14.3 billion investment in Scale AI.
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Meta accelerates AI layoffs while projecting 2025 spending of up to $118 billion
Meta accelerates AI layoffs while projecting up to $118 billion in spending by 2025 to strengthen its AI initiatives and operations.
Facebook’s parent company, Meta, is going to build a new artificial intelligence center in El Paso. The nearly 1.2 million square-feet facility will be built in Northeast El Paso and is expected to cost $1.
The layoffs will affect legacy teams but not the company’s new TBD Lab unit.
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports that Meta’s continued big spending for artificial intelligence is likely to be a focus of investors in the company’s coming quarterly earnings.
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Meta is cutting roughly 600 positions in its artificial intelligence division, as the company reorganizes its workforce to better compete in the global AI race
Meta is adding parental controls to kids’ interactions with artificial intelligence chatbots — including the ability to turn off one-on-one chats with AI characters altogether