What Meta‘s massive layoffs say about the company‘s AI shift | FT #shorts

Meta is cutting thousands of jobs as it ramps up spending on AI. The tech giant plans to cut about 10% of its workforce, roughly 8,000 roles. At the same time, it's also scrapping plans to hire thousands more.It's all to offset the cost of their massive push into artificial intelligence. Meta says it could spend up to $130 billion this year on infrastructure including data centers and AI compute. And chief executive Mark Zuckerberg is betting heavily on what he calls personal superintelligence.In other word ...