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Meta’s potential workforce reduction of up to 20% is viewed by analysts not as a setback, but as a strategic move to become an AI-first organization. This restructuring aims to leverage AI for significant cost and performance advantages, potentially creating an insurmountable competitive edge. The company’s substantial AI investments and previous successes in efficiency suggest…
Nvidia’s dominance built on a single chip for all AI tasks is facing a challenge. As inference, the running of AI models, becomes more crucial and cost-sensitive, customers are exploring cheaper, purpose-built alternatives from rivals like Google and Meta. Jensen Huang’s expected unveiling of a new inference-focused chip signals a potential shift away from Nvidia’s…
The competitive landscape in AI hardware shifted dramatically recently when it was reported that Facebook parent Meta is considering using Google-designed AI chips. This report also wiped away hundreds of billions from Nvidia’s market value because Meta is currently one of Nvidia’s most significant chip customers. The report specifically stated that Meta could begin renting…
Meta is planning its largest-ever layoffs, potentially impacting over 20% of its workforce that equals to about 15,000-plus employees. This significant move is driven by soaring AI infrastructure costs and a strategic shift towards leaner, AI-assisted operations. Executives are already mapping out reductions, as the company invests billions in AI development and acquisitions, while facing…
Meta, in one of the largest coordinated takedowns of online scam networks, has disabled more than 150,000 accounts across its platforms, including Facebook and Instagram, linked to criminal scam centres operating out of Southeast Asia. The social media giant also says that its crackdown has helped put 21 people behind bars.The company announced that the…
Representative Image. Mark Zuckerberg interviewing Sam Altman in 2016 Facebook parent Meta has reportedly acquired Moltbook. Moltbook is the social networking site for AI agents, a platform that OpenAI CEO Sam Altman previously joked about. While acquiring the OpenClaw AI agent last month, Altman played down Moltbook but said the underlying technology offered a glimpse…
Facebook parent Meta is reportedly introducing additional fees for advertisers running digital ads on its social media platforms in parts of Europe. The move will require some advertisers to cover the cost of digital services taxes imposed by several European countries on local revenue generated by technology companies. A report claims that the social media…
Image used for representational purpose only Indonesia’s Ministry of Communications has issued a strong warning to Meta Platforms. According to a Reuters report, the warning concerns how Meta Platforms handles harmful content across its platforms, including Facebook, Instagram, and WhatsApp. There have been concerns about online gambling and misinformation on the platforms. Indonesia’s Ministry of…
Syed Ruhullah Mehdi (File Photo) SRINAGAR: After large-scale protests over the past two days against the killing of Iran’s supreme leader, Ayatollah Ali Khamenei, the Jammu and Kashmir government extended the closure of schools and colleges across the Valley until Saturday.At the same time, Meta blocked several newspaper accounts in the Valley, evoking condemnation from…
Facebook parent company Meta is reportedly expanding its massive AI spending by striking a chip partnership with Google. Citing a report from The Information, news agency Reuters said that the Mark Zuckerberg-led company has signed a multi-billion dollar deal to rent Google’s specialised artificial intelligence (AI) chips to build its next generation of AI models….
