For the majority of its employees, Meta has cut their yearly stock award allotment by about 5%. The corporation has taken this step as it increases its investments in artificial intelligence infrastructure. This is the second year in a row that the parent company of Facebook has reduced share pay. As a result, it highlights growing cost concerns while investing record amounts in AI. The most recent decrease comes after a more drastic 10% cut last year, which apparently upset some staff members at the time, according to media reports.Meta Strongly Pushing for AIThe choice was made at a time when Mark Zuckerberg, the CEO, is actively pursuing AI. Thus, Meta is in a position to compete with opponents who are constructing sophisticated models and massive data centres. The company stated in January that it anticipates between $115 billion and $135 billion in capital expenditures in 2026, with AI infrastructure playing a major role.It is anticipated that the large tech corporations will invest at least $630 billion in AI development this year. A significant facility in rural Louisiana is one of several gigawatt-scale data centres that Meta is building across the United States. According to US President Donald Trump, the… Read MoreStartupTalky- Business News, Insights and Stories
