Facebook and Instagram's parent company has been investing huge sums of money in AI, but it lags behind competitors.

Meta Platforms, Inc. is reportedly reshaping its workforce around artificial intelligence by moving thousands of employees into new AI-focused divisions while simultaneously cutting roughly 8,000 jobs as CEO Mark Zuckerberg accelerates the company's massive AI ambitions.

Meta is reportedly cutting about 8,000 jobs while raising AI infrastructure spending, highlighting Big Tech’s shift toward leaner, AI-focused teams.

Meta CEO Mark Zuckerberg is not necessarily known for his remorse .

The Facebook owner is planning to lay off 10% of its employees on Wednesday, with additional deep cuts slated to come later this year.

By Foo Yun Chee BRUSSELS, May 19 (Reuters) - Meta Platforms has offered to give rival AI chatbots including OpenAI free access to its social messaging service WhatsApp in Europe, but will start charging them once they hit a limit,

Those companies, chief among them Meta, Amazon, Google, Microsoft, and Oracle, are often referred to as hyperscalers. As the top AI chipmaker, Nvidia provides the hardware for these hyperscalers, and in turn,

The job cuts come as the company pushes for massive AI spending and plans to transition thousands of jobs toward AI initiatives.