Meta is starting a new round of layoffs this week, cutting about 8,000 jobs, roughly 10% of its workforce, as part of efforts to improve efficiency and fund increased investments in artificial intelligence. This follows earlier cuts in 2023 and signals more layoffs expected later this year. CEO Mark Zuckerberg has shifted from apologetic tones about past overhiring to a focus on efficiency and AI growth, with Meta raising its 2026 capital expenditure guidance by up to $10 billion. Despite these moves, internal morale is low due to job cuts and controversial employee data tracking for AI training, while Meta’s stock has underperformed compared to peers.
Big tech companies, particularly Microsoft and Meta, are investing heavily in AI infrastructure with capital expenditures potentially reaching $1 trillion soon. While this raises concerns about a possible AI bubble, these firms have strong growth and...
Taiwan Semiconductor Manufacturing Co. announced a $31.28 billion capital expenditure plan to expand its advanced chip manufacturing capabilities. This move aims to meet rising global demand driven by artificial intelligence, 5G, and high-performance...
Nvidia is expanding its AI strategy beyond GPUs by investing heavily in AI infrastructure companies, notably CoreWeave. The company increased its stake in CoreWeave to 11%, valued at about $3.66 billion, tying its future to AI cloud infrastructure gr...
Bill C-22 in Canada faces strong opposition from tech leaders and experts who warn it threatens the digital economy by undermining data privacy and encryption. Quebec's tech sector, especially in AI and cloud infrastructure, could lose investments, t...
SpaceX plans to go public on June 12 with a valuation potentially reaching $1.75 trillion, making it one of the largest IPOs ever. While this offers retail investors a rare chance to own a leading space company, history shows that nearly 64% of IPOs ...
