Dark times are coming...$BTC $ETH $XRP
Post
Marcella Southworth OVwC
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#MetaPlansLayoffs
Meta plans to cut about 20% of its workforce (over 16,000 people). Zuckerberg continues the 'year of efficiency,' but with a new subtext.
Money in AI: The company plans to invest $600 billion in artificial intelligence infrastructure by 2028. Funds for hardware are coming from workforce reductions.
Automation: AI is already starting to replace management and routine processes in tech giants.
Change of trend: The focus is shifting from Metaverses to Generative AI.
For $META stocks — this is cost optimization (positive). For the crypto market — this is additional fuel for AI tokens ($FET , $NEAR , $RNDR ), as institutional money flows into this sector.
#Meta #Layoffs #AI #Crypto #trading #Binance
Meta plans to cut about 20% of its workforce (over 16,000 people). Zuckerberg continues the 'year of efficiency,' but with a new subtext.
Money in AI: The company plans to invest $600 billion in artificial intelligence infrastructure by 2028. Funds for hardware are coming from workforce reductions.
Automation: AI is already starting to replace management and routine processes in tech giants.
Change of trend: The focus is shifting from Metaverses to Generative AI.
For $META stocks — this is cost optimization (positive). For the crypto market — this is additional fuel for AI tokens ($FET , $NEAR , $RNDR ), as institutional money flows into this sector.
#Meta #Layoffs #AI #Crypto #trading #Binance