Meta Lays Off 8k Employees, as A.I. Casualties Mount
nytimes.com
nytimes.com
Periodically in the last two years, Meta has laid off thousands of people in their efforts to be a leader in AI.
Which is interesting because Meta is not a hardware company nor are they really a software company in the same vein as some companies who make/create an operating system or an ecosystem from the ground up they are more of an parasitic website company with delusions of Grandeur.
Meta is basically pissing the money down the drain the founder is paranoid that the new era of AI will leave his company in the dust. Occasionally they have to balance the books by laying off thousands of people to keep the ball rolling.
Not a fan of Meta but this is a rather unfair statement to make. They're pretty knee deep in low level systems + hardware-software co-design.
Is it: "we'll serve Black Mirror ads (generated via AI) into people's AR/VR glasses, since they'll wear them all the time"?
I made a recent post [1] showing how the big tech companies make their money. It links a post from 2017 but it shows that Facebook (Meta now) is just an advertisement warehouse.