Norway’s $2.3T wealth fund objects to Elkann’s Meta board seat

Meta's Forum app could reshape online community dynamics, challenging existing platforms and potentially altering user engagement patterns. The post Meta launches Forum, a new app for deeper group discussions appeared first on Crypto Briefing.

Meta's AI pivot may reshape tech investment landscapes, impacting metaverse tokens while boosting AI-related projects and infrastructure. The post Meta lays off 10% of workforce as Zuckerberg bets the farm on AI appeared first on Crypto Briefing.

Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems. Harbor Capital has filed for five actively managed “Lab ETFs” that…

Meta is the latest company to trim its workforce as a result of the growing use of AI within the industry. The company laid off 8,000 employees earlier this week, while also moving 7,000 more to AI-focused roles. “AI is the most consequential technology of our lifetimes,” Zuckerberg said in a memo that he sent to employees, informing them of the cuts.  “The companies that lead the way will define the next generation,” he added. The company has not revealed too much detail of the changes in the workforce, but it’s clear that jobs focused on AI infrastructure will be protected. Meta is not alone in announcing cuts. In a blog this month, Cisco said it was cutting 4,000 jobs and Microsoft is looking at inciting employees to take voluntary retirement for the first time. The Meta reorganization is following the trend that businesses that don’t adapt to AI usage will struggle. Earlier this year, PwC US CEO Paul Griggs caused consternation when he suggested that executives who failed to get to

Insider Brief Roboxi has raised €13 million in new equity financing as the Norwegian airport automation company looks to scale operations, support contracted projects and expand development of its AI-driven systems for airport operations. The Stavanger-based company said in a LinkedIn post that the financing drew support from both new and existing investors, primarily from […]

In this episode of Uncanny Valley, we unpack the mass layoffs at Meta, big announcements at Google I/O, and the latest backlash against AI.

Meta's AI focus may spur innovation but risks centralizing power, challenging decentralized AI projects to compete for resources and relevance. The post Meta CEO Zuckerberg defends layoffs of 8,000 workers, doubles down on AI spending appeared first on Crypto Briefing.

Institutional investors are diversifying crypto portfolios, signaling a shift from monolithic strategies to selective asset allocation. The post Ethereum ETFs see $104M outflows while Solana ETFs quietly vacuum up $1.1B appeared first on Crypto Briefing.