Meta’s $135 Billion AI Push Is Stumbling: Layoffs Loom as Flagship Model Trails Rivals

TLDR: Meta plans to cut over 20% of its 79,000-person workforce, potentially eliminating around 16,000 jobs. Meta’s Avocado model has missed its deadline three times and now trails Google, OpenAI, and Anthropic on benchmarks. Meta is reportedly exploring a temporary deal to license Google’s Gemini to power its own AI products. Meta has committed up [...]

The post Meta’s $135 Billion AI Push Is Stumbling: Layoffs Loom as Flagship Model Trails Rivals appeared first on Blockonomi.