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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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17.05.26 - 22:00
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YouTube, Snap, And TikTok Settle Kentucky School District′s Social Media Addiction Claims (ZeroHedge)
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YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
YouTube, Snap, and TikTok have settled a Kentucky school district's claims that the platforms fueled a youth mental health crisis that the school district said it was forced to manage.
The Breathitt County School District in rural eastern Kentucky still plans to take Meta Platforms, parent of Facebook and Instagram, to trial on June 15.
The agreements, detailed in federal court filings on Friday, are among the first set for trial in more than 1,200 similar lawsuits filed by school districts nationwide.
“This matter has been amicably resolved and our focus remains on building age-appropriate products and parental controls that deliver on that promise,” a YouTube spokesperson said in a statement.
Snap and TikTok did not immediately respond to a request for comment.
The district had sought more than $60 million to cover costs of countering...
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