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Meta Plans 20% Layoffs To Divert Capital To Data Centers
Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar...
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Apr 22, 2026 / Tyler Durden
US Law Firm Apologizes After AI Hallucinations Made It To Legal Filing
US Law Firm Apologizes After AI Hallucinations Made It To Legal Filing
Authored by Brayden Lindrea via CoinTelegraph.com,
Wall Street law firm Sullivan & Cromwell has apologized to a federal judge after submitting a court filing that contained around 40 incorrect citations and other errors caused by AI hallucinations.
“We deeply regret that this has occurred,” Andrew Dietderich, co-head of Sullivan & Cromwell’s global restructuring team, wrote Friday in a letter to Chief Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York.
“The Firm and I are keenly aware...
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Apr 29, 2026 / Tyler Durden
Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Via The Cradle
Iran’s currency plummeted to a record low on Wednesday, dropping to 1.8 million against the dollar following the brutal US-Israeli war, coinciding with uncertainty over the fragile truce and rising energy prices worldwide.
The currency began a sharp descent two days ago after several weeks of artificial stability. During the initial weeks of the US-Israeli war on the Islamic Republic – which broke out on February 28 – the rial remained relatively steady, largely due to a total...
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May 24, 2026 / Tyler Durden
US Approves "Homing All The Way Killer" Missile Support Sale To Ukraine
US Approves "Homing All The Way Killer" Missile Support Sale To Ukraine
The US State Department has officially cleared a $108.1 million hardware and sustainment package to keep Ukraine's frontline air defenses online, after there's not been much in the way of big dollar headlines concerning Washington's longtime military support to Kiev of late.
The cash injection targets the maintenance and optimization of the US-designed HAWK system - which is short for the "Homing All the Way Killer" surface-to-air missile system.
Bild/Getty Images
Depending on the exact missile variant deployed, the platform handles tactical...
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