Meta to cut 10% of jobs to ‘offset’ Mark Zuckerberg’s AI spending
Social media group plans to spend $135bn on data centres this year
Social media group plans to spend $135bn on data centres this year

Social media company considers cutting unit’s budget by as much as 30%

Meta has splashed out on star hires and infrastructure as it tries to make up ground in the artificial intelligence race

Social media group sheds $200bn in market value as Mark Zuckerberg’s investment plans spook investors

A year of internal disorder, fluctuating priorities and colossal spending at Meta has rattled insiders and investors

Mark Zuckerberg is pouring billions of dollars into artificial intelligence

Companies are preparing for a time where there might be less work for their employees