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15.03.26 - 15:42
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Meta has virtually no AI users compared to OpenAI’s 900M, says Big Technology’s Kantrowitz (24/7 Wall St.)
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Alex Kantrowitz, founder of Big Technology and a CNBC contributor, delivered a pointed critique of Meta's AI positioning this week, and the core of his argument comes down to one number: 900 million weekly active users on OpenAI's ChatGPT. “You have OpenAI building ChatGPT, which has 900 million weekly active users. Who knows, maybe it's ... Meta has virtually no AI users compared to OpenAI's 900M, says Big Technology's Kantrowitz
The post Meta has virtually no AI users compared to OpenAI's 900M, says Big Technology's Kantrowitz appeared first on 24/7 Wall St.....
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15.03.26 - 15:18
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Efficiency at All Costs: Meta Eyes 20% Jobs Bloodbath to Fund AI Empire (24/7 Wall St.)
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Artificial intelligence is poised to reshape business operations in profound ways — delivering breakthroughs in productivity, innovation, and problem-solving that could unlock unprecedented economic growth. Yet this transformation carries a steep downside: widespread job displacement. Across industries, companies are announcing mass layoffs, shedding thousands of roles at once as automation takes hold. Meta Platforms (NASDAQ:META) ... Efficiency at All Costs: Meta Eyes 20% Jobs Bloodbath to Fund AI Empire
The post Efficiency at All Costs: Meta Eyes 20% Jobs Bloodbath to Fund AI Empire appeared first on 24/7 Wall St.....
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15.03.26 - 01:24
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Meta Plans 20% Layoffs To Divert Capital To Data Centers (ZeroHedge)
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Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar with the plans and said no final decision or timeline has been set for the restructuring. The report added that senior leaders have already been told to begin planning cuts.
Top executives have recently signaled the plans to other senior leaders at Meta and told them to begin planning how to pare back, two of the people said. The sources spoke anonymously because they were not authorized to disclose the cuts. -RTRS
The latest B...
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14.03.26 - 13:24
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Meta and Google trial: are infinite scroll and autoplay creating addicts? (The Guardian)
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Features woven into the fabric of platforms have been central to landmark social media harm case in US. How do they work?It was as “easy as ABC”, claimed the lawyer prosecuting a landmark social media harm case against Meta and Google which heard closing arguments this week. The defendants were guilty, said Mark Lanier, of “addicting the brains of children”. Not true, replied the tech companies. Meta insisted providing young people with a “safer, healthier experience has always been core to our work”.Features such as autoplay videos, infinite scrolling and constantly chirruping alerts woven into the fabric of online platforms were central to the six-week trial in Los Angeles, which has been compared to the cases against tobacco companies in the 1990s. But how do these features work and what are their consequences? Are they creating addicts rather than users or are they just giving consumers more of what they want? Continue reading......
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14.03.26 - 12:54
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Meta reportedly plans sweeping layoffs as AI costs increase (The Guardian)
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Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big techMeta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.No date has been set for the cuts and the magnitude has not been finalized, the people said. Continue reading......
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