Meta reportedly plans sweeping layoffs as AI costs increase

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Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech

Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

No date has been set for the cuts and the magnitude has not been finalized, the people said.

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More US Marines and warships to be moved to Middle East, reports say – BBC

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  1. More US Marines and warships to be moved to Middle East, reports say  BBC
  2. More Marines and Warships Being Sent to Middle East, U.S. Officials Say  The New York Times
  3. USS Tripoli, 31st MEU Heading to the Middle East  USNI News
  4. Live updates: Over 100 children in Lebanon killed by Israeli strikes as Iran war intensifies  AP News
  5. More Marines and Warships Head to Middle East as Hormuz Mission Intensifies  WSJ
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Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy – The New York Times

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  1. Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy  The New York Times
  2. White House must reveal and resolve Jared Kushner's financial conflicts of interest - CREW  CREW | Citizens for Responsibility and Ethics in Washington
  3. Jared Kushner, one of the U.S. government’s chief negotiators in the Middle East, is trying to raise more money for his private equity firm from governments in the region. Kushner, President Trump’s son-in-law, has spoken with potential investors about raising  facebook.com
  4. Trump's Son-In-Law Jared Kushner Faces 10-Day Deadline To Disclose Financials Following Peace Envoy Appointment  Benzinga
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Melbourne to finally get Myki-less public transport on Monday – but only on four train lines

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Commuters on Craigieburn, Upfield, Ballarat and Seymour lines will be first to test tap-and-go technology

Melbourne is finally poised to join other Australian cities in the tap-and-go era, with the state government confirming public trials for contactless credit and debit card payments will launch for suburban rail commuters on Monday.

Commuters on the Craigieburn, Upfield, Ballarat and Seymour lines will be the first to test the technology, allowing them to bypass the physical Myki card in favour of paying via a debit or credit card, smartphone or smartwatch.

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Vladimir Putin enjoys a huge windfall from the Iran war – The Economist

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  1. Vladimir Putin enjoys a huge windfall from the Iran war  The Economist
  2. CNBC Daily Open: Russian oil draws a crowd  CNBC
  3. Russia rakes in $150mn a day in extra revenue from surging oil prices  Financial Times
  4. Putin Grabs Opportunity From Global Oil Chaos  Bloomberg.com
  5. Russia earned €6bn from fossil fuel exports since start of Iran war, data suggests  The Guardian
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