Meta Platforms shares rose nearly 3% on Monday after a ​Reuters report that the social media giant plans to lay off 20% or more of its ‌workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.

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Technology Roundup

Technology Roundup

 

Meta shares jump after Reuters report on plans for layoffs of 20% or more 

 

China’s No. 2 chipmaker readies 7 nm production as Beijing ramps up self-sufficiency drive 

 

Nvidia CEO set to reveal new chips and software at AI megaconference GTC 

 

OpenAI courts private equity to join enterprise AI venture, sources say 

 

Encyclopedia Britannica sues OpenAI over AI training 

 

European publishers, tech firms urge EU to speed up fine on Google over search 

 

EU sanctions Chinese and Iranian companies for cyber attacks 

 

Alibaba CEO takes helm of new AI-focused business group 

 

Apple unveils second-generation AirPods Max at $549, more than five years after debut 

 

Nebius signs AI infrastructure deals with Meta worth up to $27 billion over 5 years 

 

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