Business
AI Spending
2 articles in archive
Meta up nearly 3% in premarket on 'speculative' report of planned layoffs to offset AI spending
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around unsustainable spending.
CNBC Technology6h ago
Meta reportedly considering layoffs that could affect 20% of the company
These layoffs could help Facebook's parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring.
TechCrunch AI2d ago