Latest News, Updates & Breaking Headlines
Meta is cutting 8,000 jobs on May 20 as CEO Mark Zuckerberg rebuilds the company around small, AI-powered teams. With capex hitting a record $125–145 billion this year, CFO Susan Li admitted there’s no clean answer for what Meta’s ideal headcount even looks like anymore. The company wants builders who can ship alone what teams…
Apple and Meta are opposing Canada’s Bill C-22, warning the proposed Lawful Access Act could force tech companies to break encryption and build government backdoors into their products. Meta’s Will Cathcart called it a surveillance overreach. Public Safety Canada says the concerns are overblown. With France, Sweden, and the EU rejecting similar laws, Canada faces…
Zoho founder Sridhar Vembu recently replied to a post by Meta engineer Arnav Gupta which said that job cuts will continue till one learns to use artificial intelligence (AI) tools. Agreeing with Gupta’s views, Vembu shared the post on his timeline writing “Important post from Meta engineer Arnav Gupta on all the AI-led layoffs”. Vembu…
Representative Image. In pic: Meta CEO Mark Zuckerberg Meta’s ‘problems’ in the US over concerns related to child safety and mental health are increasing. According to a report by the news agency Reuters, the US state of New Mexico has asked a judge to declare Meta Platforms a public nuisance, seeking $3.7 billion in damages…
Mark Zuckerberg, CEO, Meta The US-China trade war is back, and in full steam. There have been two parallel moves in the recent weeks, marking a significant escalation of the US-China AI war. In the latest move, China’s industry regulator has asked Facebook-parent Meta to withdraw a $2 billion acquisition transaction of Singapore-based AI company…
Representative image (AI generated) It’s only May, and the tech industry has already handed pink slips to more than 92,000 people. Spread across 98 companies, the job cuts have been relentless—and April turned into the worst single month for announced tech-job reductions in at least two years, with 45,800 employees affected. Meta, Snap, Microsoft, Oracle,…
China’s economic planning body, the NDRC, has effectively halted Meta’s $2 billion acquisition of AI firm Manus. Despite the company reincorporating in Singapore and moving its operations, Beijing intervened, barring founders from leaving and ordering the deal unwound. This move signals a significant shift in China’s oversight of tech deals, impacting future foreign investments. Three…
US markets traded mixed on Thursday as strong corporate earnings helped Wall Street stay near record highs despite sharp swings in crude oil prices linked to the Iran war, AP reported.The S&P 500 rose 0.1 per cent and remained just below the all-time high touched earlier this week. The Dow Jones Industrial Average gained 413…
Meta CTO Andrew Bosworth shut down any hopes of opting out of the company’s new AI tracking tool, telling employees directly that there’s no choice in the matter. The Model Capability Initiative logs keystrokes, mouse movements, and screenshots on work computers to train Meta’s AI agents—all while the company prepares to cut 8,000 jobs. Employees…
The Chinese government has handed Mark Zuckerberg’s Meta a deadline to undo its $2.5 billion acquisition of AI startup Manus, citing national security concerns. Citing sources familiar with the matter, a report by The Wall Street Journal claimed that Beijing has given the tech giant just a few weeks to completely “disentangle” itself from the…
