#meta

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#social-media
fromMiami Herald
17 hours ago
Social media marketing

Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases

fromMiami Herald
17 hours ago
Social media marketing

Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases

#robotics
Roam Research
fromTNW | Corporates-Innovation
17 hours ago

Meta acquires Assured Robot Intelligence to build the Android of humanoid robots

Meta acquired Assured Robot Intelligence to enhance its humanoid robotics platform strategy, aiming to provide foundational technology for others to build upon.
Roam Research
fromTNW | Corporates-Innovation
17 hours ago

Meta acquires Assured Robot Intelligence to build the Android of humanoid robots

Meta acquired Assured Robot Intelligence to enhance its humanoid robotics platform strategy, aiming to provide foundational technology for others to build upon.
#layoffs
Tech industry
fromFast Company
15 hours ago

Mark Zuckerberg says AI spending and war drove Meta layoffs

Meta will lay off 10% of its workforce, approximately 8,000 employees, due to increased spending on data center and AI infrastructure.
fromTNW | Meta
1 day ago
Tech industry

Zuckerberg tells Meta employees the layoffs are about capex, not AI productivity

Tech industry
fromFast Company
15 hours ago

Mark Zuckerberg says AI spending and war drove Meta layoffs

Meta will lay off 10% of its workforce, approximately 8,000 employees, due to increased spending on data center and AI infrastructure.
Tech industry
fromTNW | Meta
1 day ago

Zuckerberg tells Meta employees the layoffs are about capex, not AI productivity

Meta's CEO confirmed layoffs are linked to increased AI infrastructure costs, indicating a trade-off between workforce size and investment in technology.
Tech industry
fromwww.businessinsider.com
1 day ago

Meta just told staff in an internal meeting that it isn't ruling out further layoffs

Meta plans to lay off around 10% of its staff, with potential for deeper cuts as priorities change and competition intensifies.
LGBT
fromAdvocate.com
17 hours ago

Meta mishandled lesbian content on Instagram

Meta's Oversight Board overturned the removal of a post celebrating lesbian relationships, criticizing Meta's moderation of queer content.
#ai-spending
Tech industry
fromFortune
1 day ago

Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users | Fortune

Meta's stock fell nearly 9% despite strong earnings due to user loss and increased AI spending.
Tech industry
fromFortune
1 day ago

Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users | Fortune

Meta's stock fell nearly 9% despite strong earnings due to user loss and increased AI spending.
#instagram
Social media marketing
fromTrusted Reviews
1 day ago

Instagram is cracking down on unoriginal photo posts, not just Reels

Meta penalizes reposted photo and carousel posts without meaningful edits, prioritizing original content creators over aggregator accounts.
Mobile UX
fromEngadget
23 hours ago

The Morning After: Instagram will try to penalize 'unoriginal' posts - Engadget

Meta is adjusting Instagram's algorithm to promote original content in photo and carousel posts while penalizing recycled Reels.
Social media marketing
fromEngadget
1 day ago

Instagram's recommendation algorithm will penalize 'unoriginal' photo and carousel posts - Engadget

Meta is revamping Instagram's algorithm to prioritize original content and penalize unoriginal posts.
Social media marketing
fromTrusted Reviews
1 day ago

Instagram is cracking down on unoriginal photo posts, not just Reels

Meta penalizes reposted photo and carousel posts without meaningful edits, prioritizing original content creators over aggregator accounts.
Mobile UX
fromEngadget
23 hours ago

The Morning After: Instagram will try to penalize 'unoriginal' posts - Engadget

Meta is adjusting Instagram's algorithm to promote original content in photo and carousel posts while penalizing recycled Reels.
Social media marketing
fromEngadget
1 day ago

Instagram's recommendation algorithm will penalize 'unoriginal' photo and carousel posts - Engadget

Meta is revamping Instagram's algorithm to prioritize original content and penalize unoriginal posts.
Business
fromTheStreet
22 hours ago

JPMorgan has stark message for investors on Meta stock

Meta's strong revenue growth was overshadowed by a significant stock drop due to increased capital expenditure guidance and competitive concerns.
#sama
EU data protection
fromTNW | Meta
1 day ago

Meta ends Sama contract after Kenyan workers report seeing intimate footage from Ray-Ban smart glasses users

Meta terminated its contract with Sama after workers revealed they viewed explicit footage from Ray-Ban smart glasses, leading to job losses for 1,108 employees.
EU data protection
fromwww.bbc.com
2 days ago

Meta in row after workers who say they saw smart glasses users having sex lose jobs

Meta canceled its contract with Sama, leading to 1,108 redundancies, citing unmet standards amid allegations of worker mistreatment.
EU data protection
fromTNW | Meta
1 day ago

Meta ends Sama contract after Kenyan workers report seeing intimate footage from Ray-Ban smart glasses users

Meta terminated its contract with Sama after workers revealed they viewed explicit footage from Ray-Ban smart glasses, leading to job losses for 1,108 employees.
EU data protection
fromwww.bbc.com
2 days ago

Meta in row after workers who say they saw smart glasses users having sex lose jobs

Meta canceled its contract with Sama, leading to 1,108 redundancies, citing unmet standards amid allegations of worker mistreatment.
#ai-agents
Artificial intelligence
fromEngadget
2 days ago

Mark Zuckerberg says Meta is working on AI agents for personal and business use - Engadget

Meta is developing AI agents to help users achieve diverse personal and business goals, aiming for greater accessibility and ease of use.
Artificial intelligence
fromEngadget
2 days ago

Mark Zuckerberg says Meta is working on AI agents for personal and business use - Engadget

Meta is developing AI agents to help users achieve diverse personal and business goals, aiming for greater accessibility and ease of use.
NYC parents
fromFortune
1 day ago

Meta's threat to quit New Mexico 'is showing the world how little it cares about child safety,' AG says | Fortune

New Mexico Attorney General seeks changes to Meta's child safety practices amid threats of platform removal.
#new-mexico
Law
fromEngadget
1 day ago

Meta says it may withdraw its apps from New Mexico if judge agrees to the state's demands - Engadget

Meta threatens to shut down its apps in New Mexico if ordered to implement safety changes for child users.
Privacy technologies
fromThe Verge
1 day ago

Meta threatens to pull its apps from New Mexico if forced to make 'technologically impractical' changes

Meta may withdraw Facebook, Instagram, and WhatsApp from New Mexico due to impossible compliance demands from the state attorney general.
Law
fromEngadget
1 day ago

Meta says it may withdraw its apps from New Mexico if judge agrees to the state's demands - Engadget

Meta threatens to shut down its apps in New Mexico if ordered to implement safety changes for child users.
Privacy technologies
fromThe Verge
1 day ago

Meta threatens to pull its apps from New Mexico if forced to make 'technologically impractical' changes

Meta may withdraw Facebook, Instagram, and WhatsApp from New Mexico due to impossible compliance demands from the state attorney general.
Tech industry
fromTNW | Insights
1 day ago

Meta reports record $56.3B revenue but daily users decline for first time as capex rises to $145B and 8,000 jobs are cut

Meta reported record Q1 2026 revenue of $56.31 billion but faced a decline in daily active users for the first time.
Marketing tech
fromTipRanks Financial
1 day ago

Meta Platforms price target lowered to $850 from $900 at Bernstein - TipRanks.com

Bernstein lowered the price target on Meta to $850 from $900 while maintaining an Outperform rating.
#ai-investment
Tech industry
from24/7 Wall St.
1 day ago

Meta's $135 Billion AI Budget Could Buy Ford, GM and Chrysler Combined

Meta's AI spending is projected at $135 billion, underpinned by record profitability and significant revenue growth.
#ai
fromWIRED
3 days ago
EU data protection

'It's Undignified': Hundreds of Workers Training Meta's AI Could Be Laid Off

Artificial intelligence
fromwww.cnbc.com
3 days ago

Meta's new AI model shows early promise, but investors want to see Zuckerberg's strategy

Meta's new AI model, Muse Spark, aims to enhance its competitive position in the AI market and support its advertising business.
Marketing tech
fromAdExchanger
2 days ago

Meta's Ad Machine Is Purring, So Why Did Its Stock Drop? | AdExchanger

Meta is investing heavily in AI technology, expecting to spend up to $145 billion this year, funded by its advertising revenue.
Artificial intelligence
fromFast Company
2 days ago

'Dead and depressing': Meta staff vent about AI and layoffs on Blind

Meta employees express growing negativity towards AI and workplace culture, with 83% of posts reflecting negative sentiment following recent layoffs.
EU data protection
fromWIRED
3 days ago

'It's Undignified': Hundreds of Workers Training Meta's AI Could Be Laid Off

Meta's layoffs threaten over 700 jobs at Covalen, impacting workers refining AI models and content moderation.
Artificial intelligence
fromwww.cnbc.com
3 days ago

Meta's new AI model shows early promise, but investors want to see Zuckerberg's strategy

Meta's new AI model, Muse Spark, aims to enhance its competitive position in the AI market and support its advertising business.
#china
Tech industry
fromFuturism
1 day ago

Mark Zuckerberg Just Got Shot Down by China, Again

Meta's attempts to enter the Chinese market have been consistently rebuffed, culminating in a $2 billion acquisition block by Chinese regulators.
European startups
fromTechzine Global
4 days ago

China blocks Meta's multi-billion-dollar acquisition of AI firm Manus

China demands reversal of Meta's $2 billion acquisition of AI company Manus, signaling stricter scrutiny on foreign tech deals involving Chinese companies.
European startups
fromwww.aljazeera.com
4 days ago

China seeks to block US tech giant Meta from AI acquisition

China is blocking Meta's acquisition of AI startup Manus, reflecting heightened scrutiny of US investments in Chinese technology amid geopolitical tensions.
Tech industry
fromFuturism
1 day ago

Mark Zuckerberg Just Got Shot Down by China, Again

Meta's attempts to enter the Chinese market have been consistently rebuffed, culminating in a $2 billion acquisition block by Chinese regulators.
European startups
fromTechzine Global
4 days ago

China blocks Meta's multi-billion-dollar acquisition of AI firm Manus

China demands reversal of Meta's $2 billion acquisition of AI company Manus, signaling stricter scrutiny on foreign tech deals involving Chinese companies.
European startups
fromwww.aljazeera.com
4 days ago

China seeks to block US tech giant Meta from AI acquisition

China is blocking Meta's acquisition of AI startup Manus, reflecting heightened scrutiny of US investments in Chinese technology amid geopolitical tensions.
Tech industry
fromComputerWeekly.com
1 day ago

Meta ramps up AI spend as it pushes advanced models | Computer Weekly

Meta is investing heavily in technology infrastructure and AI model development, forecasting significant revenue growth and increased capital expenditures.
#amazon
Tech industry
from24/7 Wall St.
1 day ago

Amazon vs. Meta: Which Stock Will Win Over the Next Decade?

Amazon and Meta reported contrasting Q1 2026 results, highlighting divergent strategies in the AI landscape.
fromTNW | Amazon
1 week ago
Tech industry

Meta signs multibillion-dollar deal for Amazon Graviton5 chips as AI compute demand outstrips $135B capex budget

Tech industry
from24/7 Wall St.
1 day ago

Amazon vs. Meta: Which Stock Will Win Over the Next Decade?

Amazon and Meta reported contrasting Q1 2026 results, highlighting divergent strategies in the AI landscape.
Tech industry
fromTNW | Amazon
1 week ago

Meta signs multibillion-dollar deal for Amazon Graviton5 chips as AI compute demand outstrips $135B capex budget

Meta signed a multibillion-dollar deal with Amazon to deploy Graviton5 CPU cores for AI workloads, reflecting a significant demand for compute resources.
Tech industry
fromFast Company
1 day ago

Why Wall Street is punishing Meta but rewarding Google today

Google's strong Q1 results reflect confidence in its AI strategy, with record revenue and significant growth in its cloud business.
Social media marketing
fromThe Verge
1 day ago

Instagram says it doesn't want your tweet round ups

The platform is enforcing stricter rules against reuploaded content to prioritize original creators and limit the reach of unoriginal accounts.
#ai-tools
Marketing tech
fromTechCrunch
1 day ago

Meta says its business AI now facilitates 10 million conversations a week | TechCrunch

Meta's business AI tools have grown significantly, facilitating 10 million conversations weekly, with plans for future monetization.
Marketing tech
fromDigiday
2 days ago

Meta opens its ad ecosystem to third-party AI tools

Meta is opening its ad ecosystem to third-party AI tools, allowing advertisers to integrate preferred AI for campaign management.
Marketing tech
fromTechCrunch
1 day ago

Meta says its business AI now facilitates 10 million conversations a week | TechCrunch

Meta's business AI tools have grown significantly, facilitating 10 million conversations weekly, with plans for future monetization.
Marketing tech
fromDigiday
2 days ago

Meta opens its ad ecosystem to third-party AI tools

Meta is opening its ad ecosystem to third-party AI tools, allowing advertisers to integrate preferred AI for campaign management.
Tech industry
fromTNW | Finance
2 days ago

Q1 2026 Big Tech earnings: $650 billion in AI capex and compute constraints

Google Cloud and AWS reported significant growth, while Meta's capex increase led to a drop in shares amid concerns over AI investment returns.
Tech industry
fromTechCrunch
2 days ago

Meta is still burning money on AR/VR | TechCrunch

Meta has lost $83.5 billion on Reality Labs over 21 quarters, averaging $4 billion in losses each quarter.
Cryptocurrency
fromnews.bitcoin.com
2 days ago

Meta Launches USDC Stablecoin Payouts for Creators in Colombia and the Philippines

Meta launches USDC stablecoin payouts for creators in Colombia and the Philippines, utilizing Solana and Polygon networks in April 2026.
Social media marketing
fromDeadline
2 days ago

Meta Shares Dip On Massive AI Spending; Q1 Daily Active Users Soften On Internet Disruptions In Iran

Meta reported strong earnings but faced a stock dip due to increased capital expenditure guidance.
#digital-services-act
EU data protection
fromEngadget
2 days ago

The EU thinks Meta isn't doing enough to protect children - Engadget

Meta may face fines for failing to prevent minors from using Facebook and Instagram, violating the Digital Services Act.
EU data protection
fromThe Verge
3 days ago

Meta isn't doing enough to keep kids off Facebook and Instagram, rules EU

Meta is violating the Digital Services Act by failing to prevent children under 13 from using Facebook and Instagram.
EU data protection
fromIrish Independent
3 days ago

Meta faces giant EU fine for not preventing kids from using Facebook and Instagram

Meta is preliminarily found in breach of the Digital Services Act for allowing minors under 13 to access its platforms.
EU data protection
fromEngadget
2 days ago

The EU thinks Meta isn't doing enough to protect children - Engadget

Meta may face fines for failing to prevent minors from using Facebook and Instagram, violating the Digital Services Act.
EU data protection
fromThe Verge
3 days ago

Meta isn't doing enough to keep kids off Facebook and Instagram, rules EU

Meta is violating the Digital Services Act by failing to prevent children under 13 from using Facebook and Instagram.
EU data protection
fromIrish Independent
3 days ago

Meta faces giant EU fine for not preventing kids from using Facebook and Instagram

Meta is preliminarily found in breach of the Digital Services Act for allowing minors under 13 to access its platforms.
Cryptocurrency
fromFortune
2 days ago

Meta quietly rolls out stablecoin payments four years after shelving controversial Libra project | Fortune

Meta has reentered the stablecoin market, offering digital currency payouts to creators in Colombia and the Philippines using USDC.
Tech industry
fromwww.cnbc.com
2 days ago

Meta looks to report fastest revenue growth since 2021

Meta is focusing on AI advancements and expects significant revenue growth from its advertising business despite ongoing capital expenditures.
#australia
Media industry
fromFast Company
2 days ago

Google, TikTok, and Meta could be taxed by Australia to fund its newsrooms

Australia proposes a tax on digital giants to fund journalism, aiming to incentivize deals with news organizations.
Media industry
fromWRAL.com
4 days ago

Australia moves to tax Meta, Google and TikTok to fund newsrooms

Australia proposes a tax on Meta, Google, and TikTok to fund journalism and incentivize deals with news organizations.
Media industry
fromTheregister
4 days ago

Australia threatens tech companies with 2.25 percent tax

Australia implements a 2.25% tax on social media revenue to support journalism, avoidable through deals with local media.
Media industry
fromFast Company
2 days ago

Google, TikTok, and Meta could be taxed by Australia to fund its newsrooms

Australia proposes a tax on digital giants to fund journalism, aiming to incentivize deals with news organizations.
Media industry
fromWRAL.com
4 days ago

Australia moves to tax Meta, Google and TikTok to fund newsrooms

Australia proposes a tax on Meta, Google, and TikTok to fund journalism and incentivize deals with news organizations.
Media industry
fromTheregister
4 days ago

Australia threatens tech companies with 2.25 percent tax

Australia implements a 2.25% tax on social media revenue to support journalism, avoidable through deals with local media.
#eu
EU data protection
fromFast Company
2 days ago

Meta isn't doing enough to keep minors off of Facebook and Instagram, says the EU

Meta is accused by the EU of failing to prevent underage access to Facebook and Instagram, violating digital rules protecting minors.
EU data protection
fromwww.npr.org
3 days ago

EU says Meta is failing to keep underage users off Facebook and Instagram

Meta is accused by the EU of failing to prevent underage access to Facebook and Instagram, violating digital rules protecting minors.
EU data protection
fromFast Company
2 days ago

Meta isn't doing enough to keep minors off of Facebook and Instagram, says the EU

Meta is accused by the EU of failing to prevent underage access to Facebook and Instagram, violating digital rules protecting minors.
EU data protection
fromwww.npr.org
3 days ago

EU says Meta is failing to keep underage users off Facebook and Instagram

Meta is accused by the EU of failing to prevent underage access to Facebook and Instagram, violating digital rules protecting minors.
Social media marketing
fromPR Daily
4 days ago

Social media updates and new features to know this week - PR Daily

Meta faces a lawsuit for allowing scam ads on its platforms, allegedly profiting from them while misleading users about safety.
#manus
European startups
fromEntrepreneur
3 days ago

Meta Thought It Had a $2 Billion Deal for AI Startup Manus - Then China Said No

China's National Development and Reform Commission blocked Meta's $2 billion acquisition of Manus due to concerns over export controls and technology transfer laws.
European startups
fromTNW | Meta
4 days ago

Meta prepares to unwind its $2 billion Manus acquisition after China's block

Meta is set to unwind its $2 billion acquisition of Manus due to a formal cancellation order from China's NDRC.
European startups
fromwww.bbc.com
4 days ago

China blocks Meta's $2bn acquisition of AI start-up Manus

Chinese regulators have blocked Meta's $2 billion acquisition of AI start-up Manus, citing foreign investment restrictions.
European startups
fromEntrepreneur
3 days ago

Meta Thought It Had a $2 Billion Deal for AI Startup Manus - Then China Said No

China's National Development and Reform Commission blocked Meta's $2 billion acquisition of Manus due to concerns over export controls and technology transfer laws.
European startups
fromTNW | Meta
4 days ago

Meta prepares to unwind its $2 billion Manus acquisition after China's block

Meta is set to unwind its $2 billion acquisition of Manus due to a formal cancellation order from China's NDRC.
European startups
fromwww.bbc.com
4 days ago

China blocks Meta's $2bn acquisition of AI start-up Manus

Chinese regulators have blocked Meta's $2 billion acquisition of AI start-up Manus, citing foreign investment restrictions.
Online marketing
fromEngadget
3 days ago

The FTC says Americans lost at least $2.1 billion to social media scams in 2025

Americans lost $2.1 billion to social media scams in 2025, an eightfold increase since 2020.
Artificial intelligence
fromFortune
4 days ago

OpenAI CFO reportedly at odds with Sam Altman over missed revenue target-even as AI capex is set to hit $660 billion | Fortune

140 S&P 500 companies reported Q1 earnings, with 73% exceeding analysts' expectations despite market uncertainties.
Media industry
fromTNW | Government-Policy
4 days ago

Australia unveils a 2.25% levy on Meta, Google, and TikTok

The Australian government introduces a 2.25% levy on Meta, Google, and TikTok to incentivize payments to local news publishers starting July 2026.
#ctv-advertising
Marketing tech
fromExchangewire
4 days ago

Digest: Meta Eyes CTV for Ad Growth; News UK Builds Synthetic Audience Tool for Advertisers; Musk & Altman Clash Over OpenAI in Court

Meta is exploring connected TV advertising to enhance its ad model beyond mobile and desktop.
Marketing tech
fromDigiday
5 days ago

Meta eyes CTV expansion to fuel its next wave of ad growth

Meta is preparing to enter CTV advertising, aiming to extend its performance advertising to the largest screen in homes by 2026.
Marketing tech
fromExchangewire
4 days ago

Digest: Meta Eyes CTV for Ad Growth; News UK Builds Synthetic Audience Tool for Advertisers; Musk & Altman Clash Over OpenAI in Court

Meta is exploring connected TV advertising to enhance its ad model beyond mobile and desktop.
Marketing tech
fromDigiday
5 days ago

Meta eyes CTV expansion to fuel its next wave of ad growth

Meta is preparing to enter CTV advertising, aiming to extend its performance advertising to the largest screen in homes by 2026.
#ai-acquisition
European startups
fromFortune
4 days ago

China's decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI | Fortune

China has blocked Meta's acquisition of AI startup Manus, complicating Meta's AI strategy and highlighting the decoupling of U.S. and Chinese AI ecosystems.
European startups
fromTechRepublic
4 days ago

China Shuts Down Meta's $2.5B Bid for AI Startup Manus

Chinese regulators ordered Meta to unwind its $2.5 billion acquisition of Manus AI, complicating cross-border AI deals amid US-China tensions.
European startups
fromFortune
4 days ago

China's decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI | Fortune

China has blocked Meta's acquisition of AI startup Manus, complicating Meta's AI strategy and highlighting the decoupling of U.S. and Chinese AI ecosystems.
European startups
fromTechRepublic
4 days ago

China Shuts Down Meta's $2.5B Bid for AI Startup Manus

Chinese regulators ordered Meta to unwind its $2.5 billion acquisition of Manus AI, complicating cross-border AI deals amid US-China tensions.
Marketing tech
fromDigiday
4 days ago

Ad Tech Briefing: Meta and Pinterest showcase CTV possibilities at ad tech's Miami jamboree

The digital advertising industry's growth is increasingly focused on small- and medium-sized businesses, particularly in the CTV space.
fromIrish Independent
4 days ago

Hundreds of tech jobs at risk as Irish outsourcing firm Covalen informs workers of cuts to Meta work

Covalen can confirm that it has commenced consultation with a number of employees in relation to potential redundancies within its Dublin operations.
European startups
Wearables
fromThe Verge
4 days ago

Samsung's first smart glasses have leaked

Samsung's upcoming Galaxy Glasses resemble Meta's Ray-Ban smart glasses and will be announced soon, featuring advanced specs but lacking a display.
Tech industry
fromTechCrunch
5 days ago

Meta inks deal for solar power at night, beamed from space | TechCrunch

Meta partners with Overview Energy to use satellites for solar power transmission to data centers, aiming to enhance renewable energy access.
fromThe Washington Post
5 days ago

China says it will reverse major AI acquisition by Meta

China's National Development and Reform Commission announced a ban on the foreign acquisition of the Manus project, requiring involved parties to unwind the acquisition transaction. This decision marks a significant step in China's efforts to retain AI talent and resources amid growing competition from the United States.
European startups
Online marketing
fromForbes
6 days ago

Meta Will Run Your Entire Ad Campaign With AI. Should You Let It

Meta's Advantage+ suite automates AI ad campaigns, simplifying the process for small businesses and improving cost efficiency.
UK politics
fromwww.bbc.com
6 days ago

Parties target specific postcodes on social media ahead of Senedd election

Welsh Labour significantly outspent other parties on Facebook and Instagram ads ahead of the Senedd election, totaling £33,572.
#scam-advertisements
Media industry
fromMashable
6 days ago

Meta accused of profiting from scam ads in class-action lawsuit

Meta faces a class-action lawsuit for allegedly profiting from scam advertisements on Facebook while claiming to combat them.
Media industry
fromMashable
6 days ago

Meta accused of profiting from scam ads in class-action lawsuit

Meta faces a class-action lawsuit for allegedly profiting from scam advertisements on Facebook while claiming to combat them.
fromTNW | Meta
1 week ago
Tech industry

Meta cuts 8,000 jobs and Microsoft offers first-ever buyouts as Big Tech converts payroll into AI capital expenditure

Meta and Microsoft are cutting 23,000 jobs combined to invest in AI infrastructure, not due to financial distress.
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