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Zuckerberg Links Meta Layoffs to Massive AI Spending as More Cuts Remain Possible

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Meta CEO Mark Zuckerberg has directly tied the company’s planned workforce reductions to its escalating artificial intelligence infrastructure investments, underscoring how the race for AI dominance is reshaping corporate labor strategies across Big Tech. Speaking to employees, Zuckerberg described Meta’s financial structure as increasingly dominated by two major expenses: people and compute infrastructure. As Meta […]

Tether Slows Gold Buying as Treasury Bills Remain Core of USDT Reserve Strategy

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Tether significantly reduced its gold purchases in the first quarter, signaling a more measured reserve strategy even as it remains one of the world’s notable private-sector gold holders through its stablecoin ecosystem. The issuer of USDT, the largest stablecoin by circulation, added roughly 6 metric tons of gold during the quarter, down sharply from 27 […]

Intel’s SambaNova Investment Clears U.S. Antitrust Review

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Intel has secured U.S. antitrust clearance for its expanded investment in AI chip startup SambaNova, removing a potential regulatory hurdle as the semiconductor giant deepens its position in one of the industry’s fast-growing artificial intelligence infrastructure segments. Intel invested $35 million in SambaNova earlier this year, increasing its ownership stake to 8.2% from 6.8%, and […]