The AI video generation startup has nearly doubled its valuation to $4 billion in just 10 months. This massive funding round reflects growing enterprise appetite for synthetic media despite emerging bubble concerns.
Mark Zuckerberg is doubling down on Meta’s AI investments despite investor skepticism. The company’s capital expenditures could reach $72 billion this year as it builds out massive computing infrastructure.
As the AI revolution accelerates, companies are discovering that the real bottleneck isn’t computing power or data—it’s human expertise. The battle for top AI talent has become the defining competitive landscape of our technological future.
Australia’s groundbreaking social media ban for users under 16 takes effect December 10, with Meta, TikTok, and Snap agreeing to comply. But the enforcement reality reveals significant technical and practical challenges that could undermine the policy’s effectiveness.
Meta’s elimination of 600 AI roles represents more than cost-cutting—it signals a fundamental industry shift from experimental research to production-ready AI. The consolidation under Scale AI’s founder Alexandr Wang reveals new priorities.
Mercor’s valuation skyrockets to $10 billion as the AI startup pivots to data labeling and model training. The massive funding round reflects investor confidence in specialized AI training markets.
Alphabet cofounders Larry Page and Sergey Brin have added over $50 billion each to their fortunes since July as AI optimism drives tech stocks to record highs. Their combined $439 billion wealth now exceeds major corporations like Costco and Bank of America.
The busiest week of earnings season puts the Magnificent 7’s AI-fueled growth to the test amid Federal Reserve rate cut expectations. With 86% of reporting companies beating estimates, all eyes turn to whether tech giants can sustain their market-leading performance as economic visibility remains cl
A critical week ahead for markets features earnings from all five Big Tech giants alongside a Federal Reserve meeting that could deliver a rate cut. With government economic data delayed by the shutdown, corporate results take on heightened significance for market direction.
Wall Street faces what analysts are calling a make-or-break week as earnings season hits its peak with all major technology giants reporting alongside a pivotal Federal Reserve meeting. According to market observers, the convergence of these events comes at a particularly sensitive moment given the absence of government economic data due to the ongoing shutdown.
Meta is cutting hundreds of jobs in its AI division despite ongoing investments in artificial intelligence. The company’s chief AI officer indicates they’ll continue hiring “AI native” talent, a term gaining traction in the corporate AI arms race.
Meta Platforms is reportedly eliminating hundreds of positions within its artificial intelligence division, according to recent news reports that reveal a strategic recalibration of the company’s workforce. The layoffs impact employees across AI product development, research initiatives, and infrastructure teams—coming just months after the company embarked on an aggressive hiring spree to bolster its AI capabilities.
