Daily Headlinez Top News Updates
Meta is preparing for its largest-ever round of layoffs, with employees in wearables and ads told to work from home as cuts loom. Reuters reported the reductions could affect 20% of its nearly 79,000-strong workforce—around 15,800 jobs. The move is driven by Meta’s $600 billion AI infrastructure commitment and a broader push toward leaner, AI-assisted…
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 CEO Mark Zuckerberg has quietly dismantled Alexandr Wang’s power nine months after the $14 billion hire. The 28-year-old data labeling entrepreneur now oversees AI models being built on infrastructure he doesn’t control. A new applied AI engineering organization under Andrew Bosworth routes talent and data pipelines around Wang entirely. Researchers report to other executives….
Facebook-parent Meta-backed artificial intelligence (AI) training company Scale AI is suing the Department of Defence. The company reportedly filed the lawsuit over what appears to be a contract dispute, with most court documents sealed and classified. The lawsuit was reportedly filed last month in the Court of Federal Claims.According to a Business Insider report, the…
Every few years, a familiar story resurfaces and sparks debate: a young entrepreneur drops out of college and goes on to build a billion-dollar company. From Bill Gates leaving Harvard to start Microsoft, to Mark Zuckerberg quitting campus life as Facebook took off, these stories have become part of modern business folklore.Now, Alexandr Wang has…
Lucy Guo, at just 30 years old, has become the world’s youngest self-made woman billionaire, surpassing pop star Taylor Swift. With an estimated net worth of $1.3 billion, Guo owes her fortune primarily to her equity stake in Scale AI, the artificial intelligence data-labeling company she co-founded in 2016. Raised in Fremont, California, by Chinese…
