Business2 hours ago
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Mark Zuckerberg's $130B AI Investment Amid 8,000 Layoffs
Meta CEO Mark Zuckerberg announces a $130 billion investment in AI despite laying off 8,000 employees. He claims AI has created jobs, countering fears of job losses. This restructuring comes as Meta's Q2 free cash flow plummets 91%, even with a revenue increase of 28% to $60.8 billion. The company's focus on AI aims to reshape its workforce and future growth.
⚖️ AI Verdict
"Zuckerberg's strategy: a bold move or a risky gamble?"
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File ID: #309502Original Source: Times Of India ↗
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