Tag: Meta Platforms

BusinessStartupsTechnology

Musk Labels Critics of Historic $1 Trillion Tesla Compensation Plan as ‘Corporate Terrorists’

Elon Musk has characterized firms opposing his proposed $1 trillion Tesla compensation package as “corporate terrorists.” The controversial pay plan faces significant investor resistance as legal battles continue over Musk’s previous $56 billion package that remains stalled in Delaware court.

Musk Escalates Rhetoric Over Compensation Battle

Elon Musk has reportedly escalated his confrontation with advisory firms opposing his proposed $1 trillion Tesla compensation package, referring to them as “corporate terrorists” according to sources familiar with his comments. The billionaire’s characterization comes as he faces mounting opposition to what would represent the largest corporate pay package in history if approved.

by Ortega Rafael
AIBusinessTechnology

Meta Restructures AI Division, Cuts 600 Research Roles While Expanding Superintelligence Team

Meta is reducing approximately 600 roles within its fundamental AI research division while simultaneously expanding its superintelligence efforts. The restructuring reflects the company’s strategic pivot toward product-focused AI development.

Major Workforce Reduction in AI Research Division

Meta Platforms is reportedly eliminating around 600 positions within its legacy artificial intelligence research team, according to a report from Axios. The layoffs primarily impact the company’s Fundamental AI Research (FAIR) unit, which has been a cornerstone of Meta’s long-term AI exploration efforts since its establishment.

by Bennett Laura
AIInfrastructureTechnology

Meta and Blue Owl Capital Forge $27 Billion AI Data Center Partnership in Louisiana

Meta Platforms has entered a $27 billion joint venture with Blue Owl Capital to develop its massive Hyperion AI data center in rural Louisiana. The partnership will see Blue Owl own 80% of the venture while Meta retains 20% and oversees construction of the facility spanning approximately 1,700 football fields.

Major AI Infrastructure Investment

Meta Platforms has formed a substantial $27 billion joint venture with asset management firm Blue Owl Capital to fund and develop what sources indicate will be the social media giant’s largest data center project to date. According to reports, the Hyperion data center located in Richland Parish, Louisiana represents a significant step in Meta’s ongoing artificial intelligence infrastructure expansion.

by Bennett Laura
LegalPolicyTechnology

Social Media CEOs Face Court Over Youth Safety Allegations in Landmark Case

Tech executives including Meta’s Mark Zuckerberg must testify in a groundbreaking lawsuit alleging social media platforms designed addictive features harming children. The Los Angeles County Superior Court rejected arguments that appearing would burden business operations, stating CEO testimony is “uniquely relevant” to negligence claims.

Court Orders Tech Executives to Testify in Youth Safety Lawsuit

Social media executives including Meta CEO Mark Zuckerberg have been ordered to provide testimony in a landmark case alleging their platforms harm children’s mental health and safety, according to court documents. The ruling from Los Angeles County Superior Court requires top executives to address claims that platform designs prioritize engagement over user wellbeing.

by Ortega Rafael