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18.05.26 - 22:06
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Inside Meta′s $200 Billion Louisiana Data Center Bet (Bloomberg)
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Meta is building one of the largest artificial intelligence data centers in the world, and it's going up in a remote corner of Louisiana. Financed by one of the biggest private capital deals ever assembled, the project in rural Richland Parish will require up to 7.5 gigawatts of power, 5 gigawatts for computing alone, from 10 brand new natural gas plants. In a region desperate for economic revival, the data center has become more than just infrastructure: it's a bet on the future. (Source: Bloomberg)...
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18.05.26 - 21:30
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Meta Platforms Is Down 11% in a Month While Alphabet Is Up 16%. What’s Going On? (24/7 Wall St.)
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Two of the largest names in digital advertising have moved in opposite directions over the past month, and the gap is striking. Meta Platforms (NASDAQ:META) stock is down 11% over the trailing month, while Alphabet (NASDAQ:GOOGL) stock is up 16% in the same time frame. Both reported their financial results on April 29, and the ... Meta Platforms Is Down 11% in a Month While Alphabet Is Up 16%. What's Going On?...
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18.05.26 - 15:06
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D-Day For "Huuuge" Meta Layoffs Looms As AI Job Apocalypse Accelerates (ZeroHedge)
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D-Day For "Huuuge" Meta Layoffs Looms As AI Job Apocalypse Accelerates
'D-Day' for Meta layoffs is quickly approaching, as the Facebook and Instagram owner will slash 10% of its global headcount - or about 8,000 employees - in the initial round as it swaps headcount for GPUs.
Former Meta employee Adel Wu described the current situation on X, saying her millennial and Gen Z friends still at the tech company are currently "either just waiting, hoping to get laid off or extremely anxious because the job is their lifeline."
Welcome to the accelerating AI job apocalypse, affecting white-collar youngsters with lots of student debt.
Wu described the upcoming Wednesday layoff announcement as "huuge" and noted, "I remember the very first big layoff the night before was almost like doomsday, people were stuffing their bags with free snacks and drinks and chargers."
during my last year at meta there were probably 4-5 layoffs, but this one on 5/20 is huuuge
my fr...
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18.05.26 - 14:48
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Google′s Own AI Researchers Jockey for Access to its Computing (Bloomberg)
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In the race to build the infrastructure that powers artificial intelligence, Alphabet Inc.'s Google has an enviable position: The company has a healthy cloud computing business, makes its own chips, and has struck deals to share them with companies like Anthropic PBC and Meta Platforms Inc....
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