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Meta AI expansion, layoffs, earnings dip
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Latest: Meta Platforms' AI Spending Triggers Massive Capex and Free‑Cash‑Flow Decline
Meta’s 2026 AI re‑organisation placed 7,000 engineers into four new AI squads and earmarked up to $145 billion for AI infrastructure while the firm continued a 10 % workforce reduction, including an 8,000‑person layoff a