Investing
Meta, Microsoft Cut Jobs as AI Investments Escalate
Meta plans to lay off 10% of its workforce, while Microsoft offers early retirement buyouts, both amid massive AI development spending.
#meta 4 articles
Stocks
Meta Shares Tumble as AI Spending Concerns Grip Investors
Meta's stock dropped 7% as investors grew wary of Big Tech's massive AI investments, while rivals showed early returns.
World Business
China Blocks Meta’s $2 Billion AI Startup Acquisition
Beijing has halted Meta's $2 billion purchase of AI startup Manus, citing national security concerns and export control laws. The decision marks...
Economy
Meta’s Future Uncertain Post-Trials, Layoffs
Meta faces an uncertain path after losing two lawsuits and scaling back its Metaverse ambitions. These challenges, alongside layoffs, prompt questions on...