Meta plans to lay off about 10% of its workforce, around 8,000 employees, on May 20. More layoffs are expected in 2026, with details depending on advancements in AI technology.

Robert Dunlap, a Houston entrepreneur, was sentenced to 23 years in prison for a $20 million cryptocurrency fraud involving fake assets and deceptive practices, impacting over 1,000 victims. His case reflects a broader rise in crypto-related cybercrimes.

Andrew Forrest is suing Meta, arguing it cannot claim Section 230 protections against liability for deceptive ads using his image to promote scams. A judge allowed his claims to proceed, potentially tightening Section 230 defenses for platforms regarding third-party ads.

Robert Dunlap, 55, was sentenced to 23 years in prison for a $20 million cryptocurrency fraud through Meta-1 Coin Trust, falsely claiming assets worth $45 billion. He misled nearly 1,000 investors, many losing their life savings.

TSMC and ASML's positive outlook suggests major tech firms will continue to invest heavily in AI chips and data centers. Spending is expected to surpass $600 billion this year, driven by capacity constraints and demand from hyperscalers like Microsoft and Amazon.

Broadcom and Meta have extended their partnership until 2029, focusing on custom accelerators and AI chip development. The collaboration aims to empower billions through advanced computational infrastructure, while Broadcom's stock has risen significantly.

Broadcom and Meta have entered a strategic partnership to enhance Meta's AI infrastructure, focusing on MTIA chips, projected to extend through 2029. Hock Tan will leave Meta's board, transitioning to an advisory role on chip development.

Gate News update, April 14, according to a report by WSJ, Meta is expected to surpass Google this year to become the world’s largest digital advertising platform. Data shows that Meta’s net ad revenue is expected to reach $243.46 billion, while Google’s is $239.54 billion.

CoreWeave and Meta have reached a new agreement to provide AI cloud capacity through 2032, with a transaction value of approximately $21 billion. This agreement is built on the prior $14 billion partnership, and the added capacity will include the first deployments of NVIDIA Vera Rubin platform.

Gate News message, April 9, Meta Platforms (META.O) pledged an additional $21 billion in investment to AI infrastructure company CoreWeave.