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Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artificial intelligence.
Meta cutting 600 AI jobs even as it continues to hire more for its superintelligence lab
MENLO PARK, Calif. (AP) — Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab, the company confirmed on Wednesday. Axios first reported the cuts, which will affect Meta’s Fundamental AI Research, or FAIR unit, as well as product-related AI and AI infrastructure units. […]
US Chamber sues Trump over new $100K H-1B visa fee
The U.S. Chamber of Commerce sued the Trump administration, claiming its new $100K H-1B visa fee is unlawful and harms business.
Arlington pays Amazon HQ2 incentives for first time
For the first time since approving Amazon’s HQ2 incentive package, Arlington County will finally pay Amazon a check — more than $81,000.
Trump says Intel agreed to give US a stake in its company
Trump says Intel agreed to give the U.S. a 10% stake after meeting with CEO Lip Bu Tan, days after he urged Tan to resign over China ties.
Microsoft Begins Second Round of Mass Layoffs
REDMOND, Wash. (AP) — Microsoft is firing thousands of workers, its second mass layoff in months. The tech giant began sending out layoff notices Wednesday. The company declined to say how many people would be laid off but said that it will comprise less than 4% of the workforce it had a year ago. Microsoft said the […]
Meta’s nuclear deal signals AI’s growing energy needs
Meta signs 20-year nuclear energy deal with Constellation as tech giants seek cleaner power to meet AI’s surging electricity demands.
Amazon’s HQ2 hiring falls short of 2024 target
Amazon's HQ2 in Arlington has hired 7,232 workers — below its 2024 goal. Since 2018, Amazon has made more than $2.5 billion in capital investment at HQ2.
