Glad to see you again! President Donald Trump said he was planning to impose 25% of steel and aluminum import prices today. Gold hit a record Following the news, while some related currencies went back to the dollar. Future Americans are Rising in prematurely trading.
In today’s great history, meta-ups affected by its performance based on performance are informed today.
What’s on deck
Markets: Palantant and retail investors are A match made in paradise.
Technology: The leaders of the council told us the prompts they used To get the most out of AI.
Business: Billionaire heirs desperate to give their money.
But first, a “reduction in force”.
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The great story
A flock reduction
Meta-chef Mark Zuckerberg Chris Unger / Zuffa LLC via Getty Images
The day after the Super Bowl is always difficult for work, but it is about to be particularly difficult for some meta-employees.
Today, Meta is starting to inform workers affected by its performance -based job cuts. Less than a month ago, CEO Mark Zuckerberg told employees that the technology giant was drawing 5% of all his workforce To accelerate the speed with which he got rid of the low performers. (He Was it not frankBut the point stands.)
Jyoti Mann of Business Insider obtained the details of the internal note How the cuts will work. When everything is said and done, some 4,000 meta-workmen should be shown at the door.
Jyoti, Pranav dixit and Hugh Langley spoke to certain employees vibrations inside Meta leading to the cuts – “has the impression of living in a novel by George Orwell,” said a worker – as well as the way they play in Meta’s wider reorganization efforts.
The layoffs come in meta made other seismic quarters of work. From the revision of its content moderation system and its dei programs to double its investment in AI, Meta has not waste time in what Zuckerberg said to be a “intense year. “”
By coincidence, meta-employees have their own problems with content moderation. Some workers have questioned Meta’s deletion of messages and comments from his internal forum. The expectations of Meta’s community commitment restrict mocking protected categories such as race, but some employees have accused the technology giant to censor valid discussions.
Internal drama is not the only problem that the meta is confronted. The struggle for the domination of the AI heats up and becomes more expensive. Meta expects her capital expenses to reach $ 65 billion this year, About the double of what he spent in 2022.
Meta’s push for Open Source models also contradicts what some of its competitors do, which could stimulate or turn it around.
Brief
Higher titles
- Nike made a surprise return to the Super Bowl – and JPMorgan analysts announced the new.
- The CFPB says that it closes its headquarters and asked employees to work remotely.
- RTO Blues of Fido: American pets are The heart broken at the end of WFH.
- Trump asks the Treasury of Stop making new money.
- Behind the scenes, American companies rush to Stop Trump’s expulsion plans.
- Elon Musk says that the former Dogey staff who made “inappropriate” comments will be rehired after the X users element.
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A leap of delinquations in a corner of the mortgage suggests Buyers for the first time may have trouble.
3 things on the markets
Images Kevin Dietsch / Getty; Rebecca Zisser / Bi
1. Palanter + retail investors = Large returns. CEO Alex Karp does not correspond to the Wall Street mold, so it is not surprising that its approach to investors no either. Instead of the IPO itinerary, Palantant opted for direct registration and – during profits calls – Karp often favors the questions of retail investors. These Mom-And-Pop investors are rewardWith the stock of more than 47% this year.
2. The Pro-Crypto opening movement of the White House. The AI and the Crypto-Tsar David Sacks announced on Tuesday that the Trump administration had prioritized a federal Stablecoins bill. Stablecoins, which are cryptos fixed to fiduciary currencies, could help Ensure domination of the US dollarA crypto expert told Bi. Indeed, around 98% of stablecoins are linked to the greenback.
3. The gold rush of investors among the Trump era policies. Trump administration has stimulated trade and geopolitical uncertainty, so investors flock to yellow metal as a safe refuge. Gold has reached a record today After Trump threatened steel and aluminum prices on Sunday. Before Trump’s comments, IGN said he expected gold to reach $ 3,000 per quarter.
3 things in technology
Getty Images; Jenny Chang-Rodriguez / Bi
1. Rise of robots (supported by VC). Some startups build autonomous robots, some American companies obtaining funding up to $ 150 million. Robots use AI and spatial intelligence to do everything, from coffee to help surgery. Bi found 12 companies to monitor.
2. X has a new adtech partner. Elon Musk company Work with magniteA platform on the supply side that helps publishers to manage and sell advertising. X worked to reverse the losses that many advertisers left the platform in 2022, although Musk’s beef with them is always strong.
3. How McKinsey and the Big Four use AI. Bi asked the leaders of five major advisory companies – McKinsey, PwC, KPMG, EY and Deloitte – their best advice for using AI in daily work. They told us their favorite prompts and advice to Make the most of technology.
3 things in business
From studio for bi
1. These wealthy heirs want to decide – of themselves. A ricious help conference – and above all young – to people with their identities and to redistribute their funds to employment. The amount Millionaires and billionaires also find a community (although a small) along the way.
2. Do we make eggs for all these price increases? Most people know that egg prices have soared lately, partly because the bird flu has decimated the pearly pulle population. But when customers are ready to expect price increases, some retailers can increase prices beyond what is really necessary. Are retailers overloaded to stay afloat, Or is there a little steering wheel at work?
3. FAQ RTO. If you are one of the tens of thousands of Americans recently assigned by the order to return to the office, do not fear. Bi has assembled a guide to help you prepare, including journeys and decide what to wear.
In other news
What’s going on today
- China requires reprisal rates on American products.
- McDonald’s reports are income.
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