China blocks Meta from acquiring startup Manus
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While Meta Platforms has shaped up to be good at monetizing artificial intelligence in consumer-facing advertising, some analysts question whether the company’s AI models have applications beyond that.
Meta introduced its new AI model at the beginning of the second quarter, so Mark Zuckerberg's commentary about the future will be key during earnings.
This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year.
Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8,000 people, the latest in a string of tech industry layoffs fueled in part by artificial intelligence.