Core Insights - Meta is preparing to lay off approximately 10% to 15% of its 15,000 employees in the Reality Labs division, focusing on teams involved in virtual reality headsets and Horizon Worlds [1][2] - The layoffs are expected to be announced this week, coinciding with a significant division-wide meeting called by Meta's CTO and Reality Labs chief Andrew Bosworth [2] - Reality Labs has incurred over $70 billion in losses since 2020, prompting Meta to shift its focus and spending towards artificial intelligence [2] Group 1 - The layoffs will disproportionately affect teams working on virtual reality products [1] - The upcoming meeting is described as the "most important" of the year, indicating potential significant changes within the division [2] - Bosworth has emphasized that 2025 will be a critical year for Reality Labs, which will determine its legacy [3]

Core Insights - Meta plans to reduce its workforce by approximately 10% in the Reality Labs division, which focuses on products related to the metaverse [1] Group 1 - The layoffs will affect employees working on metaverse-related products [1] - The decision reflects ongoing challenges and strategic shifts within Meta's business operations [1]

Group 1 - Meta has appointed Dina Powell McCormick as President and Vice Chair to guide its overall strategy and execution [1] - McCormick will partner with computer and infrastructure teams to ensure multi-billion dollar investments and drive positive economic impact [1] - The executive will focus on building new strategic capital partnerships and expanding Meta's long-term investment strategy [1] Group 2 - UFC CEO Dana White has been named to the board of directors, indicating a close relationship with Donald Trump [2] - The collaboration between Trump and UFC includes hosting a mixed martial arts fight at the White House for America's 250th anniversary [2] Group 3 - McCormick has a background in senior leadership roles at Goldman Sachs and served as a Senior White House Advisor under President George W. Bush [3] - Most recently, she was Vice Chair and Head of Global Client Services at BDT & MSD Partners [3]

Core Insights - Meta Platforms has appointed Dina Powell McCormick as its president and vice chairman to guide strategy and execution, focusing on multi-billion-dollar investments and partnerships [1][6] - The appointment of Powell McCormick, a veteran of two Republican administrations, highlights Meta's commitment to enhancing its AI capabilities and strategic growth [2][3] Company Overview - Meta, owner of Facebook, Instagram, and WhatsApp, has a market capitalization of approximately $1.65 trillion and is part of the S&P 500's "Magnificent Seven" group of major tech stocks [3] - The company is recognized as one of the largest spenders in the U.S. tech sector, particularly in AI technology development [2][3] Strategic Initiatives - Meta has recently secured long-term energy partnerships with three nuclear energy companies to support its data center network, addressing power availability constraints for expansion [4][5] - The company is also focused on developing its smart-glasses business, which is seen as a potential gateway to AI technology, while evolving its approach to online teen safety [5]

Core Insights - Meta is planning to announce layoffs this week, which will impact its metaverse projects as the company reallocates resources towards artificial intelligence development [1] Company Impact - The layoffs are expected to affect Meta's ongoing work on the metaverse, indicating a strategic shift in focus towards artificial intelligence [1]

Meta has appointed new executives to head various aspects of its artificial intelligence (AI) initiatives.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“Meta is planning to build tens of gigawatts this decade, an ...

Group 1 - Meta is launching a new initiative called Meta Compute, focusing on building data centers and infrastructure for AI, with plans to develop "tens of gigawatts" of capacity this decade and "hundreds of gigawatts or more" over time [1][2] - The company plans to invest $600 billion in US infrastructure and jobs, including AI data centers, by 2028, indicating a strong commitment to AI infrastructure as a competitive advantage [2] - The new initiative will be led by Santosh Janardhan and Daniel Gross, with oversight from Dina Powell McCormick, who will focus on partnerships with governments and sovereign entities for infrastructure financing [3][4] Group 2 - The power output of one gigawatt is comparable to half the output of the Hoover Dam or the power of 2,627 Tesla Model 3s, highlighting the scale of Meta's planned infrastructure [3] - The strategic focus on AI infrastructure is seen as a key competitive advantage for Meta, with the initiative reporting directly to CEO Mark Zuckerberg [2]

Meta will establish Meta Compute to construct tens of gigawatts of computing infrastructure this decade and hundreds of gigawatts more in the future, CEO Mark Zuckerberg said on Monday. ...

Meta has a new president — and she's a former advisor to President Donald Trump. The tech giant named Dina Powell McCormick as its president and vice chairman on Monday. Powell McCormick joined Meta's board in April before resigning in December.Before joining Meta, Powell McCormick served as a deputy national security advisor to Trump. The president applauded her appointment on Truth Social: "A great choice by Mark Z!!" Powell McCormick is the second former Trump official appointed to a Meta leadership po ...

Core Insights - Meta Platforms is strategically developing a dedicated nuclear power campus in Pike County, Ohio, in partnership with Oklo Inc. to secure its own energy supply for AI operations [2][3][6] - The project aims for a power capacity of up to 1.2 gigawatts (GW), which is equivalent to powering approximately 1.08 million homes [2][3] - This move is part of a broader strategy to ensure energy independence and reliability, addressing the increasing power demands of evolving AI technologies [3][4][8] Company Strategy - The partnership with Oklo represents a significant pivot towards vertical integration, allowing Meta to insulate itself from grid instability and price volatility [3][12] - Meta is utilizing a capital-efficient prepayment model to fund the infrastructure without incurring new debt, leveraging its substantial cash reserves of $44.45 billion [11][18] - The company has secured a total energy pipeline of up to 6.6 GW through various partnerships, enhancing its operational reliability and mitigating risks associated with project delays [12][14] Financial Implications - Meta's capital expenditures (CapEx) for Q3 2025 were reported at $19.37 billion, with a full-year forecast between $70 billion and $72 billion, indicating a significant investment in infrastructure [10][11] - The financial structure of the Oklo deal is seen as a long-term investment, positioning Meta for sustained growth independent of public utility constraints [11][17] - By securing baseload power, Meta guarantees 99.99% uptime for its AI products, which is crucial for the deployment of advanced AI systems [8][15] Industry Context - The increasing demand for electricity due to AI advancements poses a challenge for the current U.S. electrical grid, which may face capacity shortages by 2030 [4][13] - Meta's strategy to build a private grid of nuclear assets provides a competitive advantage over companies relying on the public spot market for electricity, which may face rationing and extreme pricing [14][17] - The transition to an AI-first company necessitates a reliable power supply, making Meta's investment in nuclear energy a strategic asset for future growth [16][17]