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Meta CEO Mark Zuckerberg on tech layoffs

In a recent Morning Brew Daily's podcast, Meta CEO Mark Zuckerberg delved into the rationale behind the ongoing trend of mass layoffs in tech companies. Contrary to popular belief, he revealed that this downsizing isn't solely attributed to advancements in artificial intelligence (AI). Instead, Zuckerberg shed light on a broader perspective, emphasising the advantages of leaner operations for enhanced efficiency and effectiveness within tech firms.Unpacking the Narrative: Evolution of Tech WorkforcesDuring the podcast,…

Winklevoss Twins Donate $4.9 Million to Crypto Group Trying to Influence 2024 Election

Tyler and Cameron Winklevoss have donated $4.9 million to the political action committee Fairshake, according to new filings with the U.S. Federal Election Committee. It’s just the latest windfall for Fairshake, which is spending millions to run attack ads against Katie Porter, a Democrat who’s running for Dianne Feinstein’s old U.S. Senate seat in California.What Drew Noomi Rapace to Constellation?The new donation from the Winklevoss twins, first reported by Crypto Telegraph Wednesday, comes after huge players in the…

Samsung meeting expected in Zuckerberg’s first Korea trip in 10 years

Meta CEO Mark Zuckerberg is reportedly heading to South Korea next week. This would be his first visit to the country in over a decade as he last visited the country, which was his first ever trip to Korea, back in June 2013. There aren't a lot of details about his trip available at this point in time, but it's believed that Zuckerberg may meet with Samsung Electronics Chairman Lee Jae-yong. The two had held a long meeting during Zuckerberg's previous trip as well. Zuckerberg's heading to Korea for the first time in a…

mark zuckerberg south korea visit: Meta chief Mark Zuckerberg to visit South Korea

Meta's CEO Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. Zuckerberg is expected to meet Samsung Electronics chairman Jay Y Lee as early as later this month to discuss AI chip supply and other generative AI issues, South Korean newspaper Seoul Economic Daily reported earlier on Wednesday, citing unnamed sources with knowledge of the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

How Meta gave up on politics ahead of the 2024 election

Facebook was working hard to win over political campaigns in the run up to the 2016 election. The company sponsored debates, set up lounges for delegates at the Republican and Democratic national conventions, and aggressively courted political advertisers, even going so far as to embed staff with then-candidate Donald Trump’s campaign. “Facebook really is the new town hall,” CEO Mark Zuckerberg boasted to investors just days before that election.Four years later, in an effort to show they’d learned from their mistakes in…

Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.Department store retailer Macy's said it will close five…

Weekly Tech Recap: From OpenAI’s Sora to Google’s Gemini1.5 model, checkout the top tech news of the week

OpenAI unveils its text to video generation mode, Sora: ChatGPT maker OpenAI took the internet by storm this week with the launch of its text to video generation tool dubbed Sora. While there are many text to video generation tools in the market, Sora can “create realistic and imaginative scenes from text instructions". Announcing the new tool via a blogpost, OpenAI wrote, “Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly…

Mark Zuckerberg says Meta Quest 3 is better than Apple Vision Pro

The CEO of Meta, Mark Zuckerberg, has posted a video on Instagram where he has shared his views on the Apple Vision Pro after trying out the mixed-reality (MR) headset and how it compares with the one MR headset from his company, the Meta Quest 3. While Mark said a lot of things about the two headsets in the video, his following statement summarizes his opinions about the two products: “I don’t just think that Quest is the better value, I think Quest is the better product, period.” But there’s more to the story than…

NVIDIA becomes the third most valuable US company at Alphabet’s expense

NVIDIA is doing very well for itself. The chip maker has overtaken Alphabet, Google's parent company, to become the third most valuable company in the United States, Reuters reports. The news comes almost immediately after NVIDIA pushed past Amazon in the rankings, with the company now valued at $1.83 trillion. Worldwide, it sits in fourth, behind American companies Microsoft ($3.04 trillion) and Apple ($2.84 trillion) and the Saudi Arabian state-owned oil company Saudi Aramco ($2.07 trillion).AI's boom over the last year…