Meta posted record quarterly revenue of $51.2 billion but faced investor backlash over a massive $16 billion tax charge and aggressive AI spending plans. The company’s stock tumbled despite beating revenue expectations.
Reddit Takes Legal Action Against Perplexity AI and Data Scraping Firms Reddit has initiated a significant legal confrontation in the…
Meta Platforms is cutting approximately 600 positions within its artificial intelligence division, according to company confirmation. The layoffs affect AI infrastructure, research, and product teams as the company seeks operational efficiency.
Meta Platforms is eliminating roughly 600 positions within its artificial intelligence unit, according to reports confirmed by company representatives. The cuts represent one of the more significant workforce adjustments since the company’s broader restructuring efforts began, with sources indicate the moves aim to reduce organizational layers and improve operational agility.
The Quiet Revolution in Investment Banking OpenAI’s secretive “Project Mercury” represents a fundamental shift in how financial institutions approach entry-level…
Tech Giant Challenges Core Provisions of Landmark Digital Legislation Apple has launched a comprehensive legal challenge against the European Union’s…
End of an Era at Goldman Sachs Goldman Sachs is undergoing significant changes in its research leadership with the departure…
Groundbreaking Financial Structure for Massive Data Center Project Meta has reportedly finalized a revolutionary $30 billion financing arrangement with Blue…
Technology shares in India are experiencing sustained pressure as global enterprises tighten spending on digital transformation projects. Market analysts suggest the sector may face prolonged challenges amid shifting client priorities and economic headwinds affecting technology investments worldwide.
India’s prominent information technology sector continues to face significant headwinds as global corporations reportedly scale back their technology expenditures, according to recent financial analysis. The downward trend has persisted through recent trading sessions as India-based IT service providers navigate what sources indicate is a challenging period for technology spending worldwide.
