Results for "AI infrastructure"
2 articlesCEO Mark Zuckerberg's goodbye memo to 8,000 fired Meta staff has 2 promises for survivors
Meta CEO Mark Zuckerberg sent a memo to 8,000 laid-off employees on May 20 that also addressed remaining 70,000 staff, promising no further company-wide layoffs in 2026 and improved internal communication. The memo coincides with Meta's $125-145 billion AI infrastructure investment and reassignment of 7,000 employees to AI roles.
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ByteDance raises 2026 capex by at least 25% amid AI boom, rising memory costs, sources say
ByteDance is increasing its 2026 capital expenditure on AI infrastructure by at least 25%, raising planned spending from 160 billion yuan to over 200 billion yuan (US$30 billion), citing growing AI commitments and rising memory costs as reasons for the boost.
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