High Electric Bill? thank Meta’s AI

Electricity bills are skyrocketing and water reserves are dwindling, yet Big Tech giants like OpenAI, Meta, and Amazon are thriving. They’ve secured billions in tax breaks while you foot the bill through higher rates and taxes to power their AI …

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Layoffs at Meta’s Instagram

Meta’s Instagram started off the new year by telling at least 60 workers their jobs were disappearing, sources told Business Insider. The change at the popular platform happened this week and affected technical program managers across the Instagram organization, according …

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A BILLION HERE AND A BILLION THERE…: Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year.

 “Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’” https://www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html