Meta Stock Surges as It Plans to Cut 16,000 Jobs for AI
Meta is reportedly planning to lay off 20% of its 79,000 workforce to offset $135 billion in AI spending - and the stock went up 3% on the news.
Meta
Meta Commits $27B to Nebius AI Cloud Over Five Years
Meta signs a five-year, $27 billion AI infrastructure agreement with Nebius Group, marking one of the largest cloud computing contracts ever announced.
Meta MTIA 300
Meta's first mass-deployed RISC-V AI accelerator - 1.2 PFLOPS FP8, 216 GB HBM, powering Facebook and Instagram at scale.
Meta Unveils Four MTIA Chip Generations in Two Years
Meta published a four-generation MTIA silicon roadmap delivering chips every six months through 2027, with compute scaling 25x from MTIA 300 to MTIA 500.
Oracle and OpenAI Scrap Texas Stargate Data Center Expansion
Oracle and OpenAI abandoned plans to expand their flagship Abilene data center from 1.2 GW to 2 GW after financing talks collapsed and a winter cooling outage strained relations with operator Crusoe.
Meta Buys Moltbook, the Social Network for AI Agents
Meta acquires the viral AI-only social network Moltbook, bringing its founders into Meta Superintelligence Labs as the company races to build agent infrastructure.
