Meta told staff Thursday it plans to lay off roughly 8,000 people, or around 10% of the company, two sources confirmed to Axios. Why it matters: The cuts come as Meta looks to offset rising AI infrastructure costs. Zoom out: Meta's capital expenditures have ballooned in recent years, sparking investor concerns that excessive AI spending will eat into profits. - In January, the company said it expects capex to soar by at least 60% this year compared with 2025, "driven by increased investment to support our Meta Superintelligence Labs efforts and core business." - Free cash flow, meanwhile, is expected to plunge 83% year over year. Reality check: Meta is no stranger to large-scale cuts. - Layoffs affecting more than 20,000 workers…
OKLAHOMA CITY, OK — A local architect contracted to design the new location for First Testimony Crosspointe Church was reportedly fired and escorted from the construction site after suggesting the building include a steeple.
To host hundreds of thousands of football fans, Pittsburgh moved schools online and is warning of traffic mayhem. Will the NFL’s spotlight be worth it?
Measures seeking to block or rein in data center construction are gaining momentum at the state and local level, as Americans increasingly sour on the massive buildout of AI infrastructure in their communities. The Maine Legislature became the first in the nation to pass a bill banning the development of large-scale data centers last week, while a Wisconsin city approved a referendum earlier this month to give voters greater say over major tax-funded projects in response to the construction of a nearby data center campus. Read More: https://thehill.com/policy/technology/5843665-data-center-backlash-grows/ #datacenter #ai #politics
