Microsoft, Meta
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Meta will lay off about 8,000 employees and freeze 6,000 open roles, while Microsoft is offering voluntary buyouts to around 8,750 US staff. Both moves, announced on the same day, are aimed at freeing resources for heavy investment in artificial ...
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Microsoft vs. Meta: Which AI Stock Is a Better Buy Headed Into Their Earnings Reports Next Week?
While both technology giants are spending aggressively to own the artificial intelligence future, one arguably looks better positioned to thrive in today's rapidly evolving environment.
CNBC's Julia Boorstin reports on news regarding Meta and Microsoft. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox,
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CEO Mark Zuckerberg has said the company plans to spend more than $115 billion on AI, including chips and data centers, this year.