Meta, AI
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Meta is making it easier for users to access its AI-powered photo and video editing tools by adding them to Instagram's Stories editor.
Meta AI's photo editing tools can be found in Instagram Stories when tapping the paintbrush icon. Users can describe what they want to add, remove, or change.
In a move that bucks the tech industry’s trend of aggressively hiring workers who specialize in artificial intelligence, Meta is slashing about 600 employees from its closely watched AI efforts, per reports on Wednesday.
This pattern confirms that META stock is highly susceptible to sudden, sharp downturns whenever a major risk materializes.
404 Media reports that it has come across the work of a “hobbyist” who modifies Meta’s smart glasses and, for a small price ($60), sells them to interested buyers. He markets the Meta mod glasses on his YouTube channel and seems to sell them on eBay, according to the report.
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
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Tesla's earnings miss, Meta job cuts, U.S. sanctions Russian oil and more in Morning Squawk
Heading into the report, a group of unions and watchdogs launched the "Take Back Tesla" campaign to urge investors to oppose Musk's new compensation plan. The highly publicized pay package would give the billionaire entrepreneur an opportunity to rake in almost $1 trillion in stock.
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Meta Announces Mass Layoffs
Artificial intelligence has pervaded into nearly every aspect of society, from the workforce to education and even dating.
The layoffs do not affect Meta’s newest A.I. hires, who are in some cases being paid up to hundreds of millions of dollars. The cuts were focused on correcting an earlier hiring spree.
An internal memo explaining the cuts said "many routine decisions can now be handled efficiently by technology."