Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.
Meta will replace its fact-checking system with community notes, similar to X's, CEO Mark Zuckerberg announced Tuesday. The change, starting in the US, comes after Donald Trump's election victory and marks a major shift in how the social media giant moderates content on its platforms.
OpenAI plans to restructure as a public benefit corporation, aiming to attract major investments while balancing AI innovation, social good, and shareholder interests.
Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact.
Meta has laid off staff across Instagram, WhatsApp, and Reality Labs to align with long-term goals.
Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person, with a net worth of $206.2 billion.
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