Meta Platforms
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts
Smart glasses market will be worth US$200 billion by 2040: HSBC
Analysts foresee a more than 1,800% jump in smart glasses users by the end of the next decade
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
Big Tech companies are looking to secure long-term electricity supplies as AI and data centres increase US power demand
Meta plans to cut 10% of jobs at company’s Reality Labs division
The division has roughly 15,000 employees
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts
Beijing looms large over Singapore-based Manus’ deal with Meta
The swift scrutiny shows fears Manus’ sale could spur more tech stars to follow the same path
Meta signs multi-gigawatt nuclear deals for AI data centres
The agreements could end up totalling more than six gigawatts, enough to power a city of about five million homes
Big Tech spared strict rules in EU digital regulations overhaul, sources say
The tech giants will be subject only to a voluntary framework rather than binding rules
How Silicon Valley will eat its AI competitors in 2026
A loss of confidence in AI could lead to a fire-sale for startups and accelerate consolidation among Big Tech
China reviews Meta’s US$2 billion deal to buy AI startup Manus
Beijing has in recent years aggressively pushed domestic firms to develop technology to replace American software and circuitry
