Business News
Meta Lays Off Risk Employees As Technology Takes Over Jobs
The tech giant also cut 600 roles from the Superintelligence Labs division, its AI arm.
By Sherin Shibu
Mark Zuckerberg
Business News
U.S. Billionaires Are Collectively Worth About $5.7 Trillion. Here’s How They Made Their Fortunes — And Surprisingly Most Are Not in Tech.
From banking to real estate, U.S. billionaires amassed their wealth in different ways.
By Sherin Shibu
Business News
Here’s Why Meta’s Earnings Were Better-Than-Expected, According to CEO Mark Zuckerberg
Meta stock reached a record high after the tech giant reported its second-quarter earnings on Wednesday.
By Sherin Shibu
Business News
Microsoft Just Became the Second Company in History to Achieve a $4 Trillion Valuation — Here’s How
The jump in valuation followed a better-than-expected earnings report on Wednesday.
By Sherin Shibu
Business News
Here’s How Meta’s AI Superintelligence Effort Is Different From ‘Others in the Industry,’ According to Mark Zuckerberg’s New Blog Post
In a letter published on Wednesday, the Meta CEO said that the company's goal is to bring personal superintelligence to everyone.
By Sherin Shibu
Business News
Meta Is Reportedly Paying an Apple Engineer Over $200 Million to Join Its Superintelligence Effort
The former Apple distinguished engineer will receive most of the compensation in stock awards.
By Sherin Shibu
Business News
Meta Invests Billions in World’s Largest Eyewear Company After Ray-Ban Smart Glasses Success
The deal arrives one month after Meta debuted new Oakley Meta AI smart glasses in partnership with the eyewear company.
By Sherin Shibu
Business News
Mark Zuckerberg Reveals Meta Superintelligence Labs, Names Who He Poached From OpenAI, Google, Anthropic
In a leaked internal memo, Zuckerberg wrote that former Scale AI CEO Alexandr Wang would lead the new team.
By Sherin Shibu
Business News
Meta’s Chief Technology Officer Says Sam Altman Is ‘Being Dishonest’ About $100 Million Signing Bonuses Poaching Claim
OpenAI's CEO said last week that Meta was trying to poach his employees with "$100 million signing bonuses," but Meta execs — and new hires — are refuting the claim.
By Sherin Shibu
Business News
Meta Is Trying to Poach OpenAI Employees With ‘Giant’ $100 Million Offers, Sam Altman Says
Open AI CEO Sam Altman claims Meta has attempted to recruit "a lot" of his employees.
By Sherin Shibu
Business News
En busca de la superinteligencia artificial: Mark Zuckerberg arma un equipo de élite para desarrollar el sistema de IA más avanzado del mundo
Meta ha reunido a un grupo de élite con el objetivo de cambiar para siempre el desarrollo de inteligencia artificial.
Business News
Meta Is Reportedly Offering Up to Nine-Figure Pay for Researchers on Its New Superintelligence AI Team
Meta CEO Mark Zuckerberg, 41, is overseeing the hiring of staff for the new 50-person team.
By Sherin Shibu
Business News
Eminem demanda a Meta por uso no autorizado de su música
La editorial musical del rapero acusa a Meta de distribuir 243 canciones sin licencia en Facebook, Instagram y WhatsApp y exige más de $100 millones de dólares para reparar los daños.
Business News
AI Is Already Writing About 30% of Code at Microsoft and Google. Here’s What It Means for Software Engineers.
Big Tech is spending tens of billions of dollars on AI infrastructure.
By Sherin Shibu
Business News
Meta Takes on ChatGPT By Releasing a Standalone AI App: ‘A Long Journey’
Meta AI is already available across Facebook, Instagram, and WhatsApp, with nearly a billion users.
By Sherin Shibu
Business News
‘I’m So Alone’: Hackers Create AI-Voices Mimicking Elon Musk, Mark Zuckerberg at Crosswalks in Silicon Valley. Here’s What They Say.
Social media users posted videos of strange messages supposedly spoken by Elon Musk and Mark Zuckerberg when crosswalk buttons were pressed in Palo Alto, Menlo Park, and Redwood City.
By David James
Business News
Elon Musk, Jeff Bezos and the Rest of the 10 Richest People in the World Have All Lost Billions This Year — Except One
Berkshire Hathaway Chairman Warren Buffett has gained $11.5 billion this year.
By David James
Business News
Meta Is Reportedly Working on Smart Glasses With a Screen — at a Price Point $1,000 More Than Its Ray-Bans
The glasses will be the first from Meta to have a screen and are poised to be a smartphone alternative.
By Sherin Shibu
Business News
MrBeast Crashed a Mark Zuckerberg Interview and Told Him to Make Changes to Facebook Video — And It’s Going to Happen Within a Year
In the interview, MrBeast applauded Facebook Video, stating that it presents an opportunity to connect to a larger audience.
By Sherin Shibu
Business News
‘More OG Facebook Coming Soon’: Meta Unveils Friends Tab on Facebook — Here’s How to See Posts From Your Friends Instead of Algorithms
Meta CEO Mark Zuckerberg announced a new Facebook tab that features only friend-related posts and stories in your feed.
By David James
Business News
An Nvidia Competitor Just Turned Down Meta’s $800 Million Offer to Buy It. Here’s Why.
The company's CEO is "confident" in its success, even as it competes with giants like Nvidia and AMD.
By Sherin Shibu
Business News
Mark Zuckerberg and Elon Musk Were Once Ready to Fight. Now Meta Is Openly Copying X’s Community Notes Algorithm.
Meta is aiming to bring Community Notes to Facebook, Instagram, and Threads.
By Sherin Shibu
Business News
‘There Are Repercussions’: Meta Reminds Staff of Its Strict No-Leaks Policy — That Has Since Been Leaked to the Press
The memo followed Meta CEO Mark Zuckerberg's widely circulated all-hands meeting.
By Sherin Shibu
Business News
Mark Zuckerberg Praises Elon Musk’s X Fact-Checking System, Says It’s ‘More Effective’ Than Facebook
Mark Zuckerberg commended X's Community Notes system during a Meta earnings call.
By David James
Business News
Meta Is Building AI That Can Write Code Like a Mid-Level Engineer, According to Mark Zuckerberg
Meanwhile, OpenAI is reportedly preparing to launch a Ph.D.-level super AI that can complete complex human tasks.
By Sherin Shibu
Business News
Elon Musk, Mark Zuckerberg and Jeff Bezos Get the VIP Treatment at Donald Trump’s Inauguration–With Seats In Front of the President’s Own Cabinet Picks
Some of the world's most prominent business leaders went to Washington for President Donald Trump's swearing-in ceremony.
By David James
Business News
‘Going to Be an Intense Year’: Meta Is Laying Off More Than 3,000 as CEO Mark Zuckerberg Calls for ‘Extensive Performance-Based Cuts’ — Read the Memo
In an internal memo shared on Tuesday, Zuckerberg said he's raising the bar on performance management to "move out low performers faster."
By Erin Davis