AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing about the metaverse.

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features.

Now, the tech giant appears to be making good on that promise. On Monday, CEO Mark Zuckerberg announced the launch of Meta Compute, a new initiative designed to bolster the tech giant’s AI infrastructure. Zuckerberg said the company intended to drastically expand its energy footprint in the coming years.

Meta's new Checkpoint program restructures worker ratings and incentives, rewarding top performers with up to 300% of their base bonuses.

Meta has announced its "Meta Compute" initiative to build artificial intelligence infrastructure and oversee the social media company's global fleet of data centers and supplier partnerships in its pursuit of superintelligence.

Meta Platforms Inc. and EssilorLuxottica SA are discussing potentially doubling production capacity for AI-powered smart glasses by the end of this year, in a bid to capture growing demand and head off rivals,

Brazil's competition watchdog has ordered WhatsApp to put on hold its policy that bars third-party AI companies from using its business API to offer chatbots on the app. The agency has also started an investigation against the company to determine if the policy is anti-competitive.

Oklo stock surged 8% on Friday and is now up 300% in the past 12 months as it inks big-ticket agreements with Meta and other tech giants.