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#493 Meta hired $145B in capex and fired 8,000 people
Six days after we called $725B a bet on what no one wanted, the receipts started landing. Meta committed $145B to AI infrastructure the same week it began firing 8,000 people. Standard Chartered described its own cuts as replacing "lower-value human capital." Pope Leo XIV announced he'd co-launch his first AI encyclical with Anthropic's Christopher Olah at the Vatican on May 25....
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Six days after we called $725B a bet on what no one wanted, the receipts started landing. Meta committed $145B to AI infrastructure the same week it began firing 8,000 people. Standard Chartered described its own cuts as replacing "lower-value human capital." Pope Leo XIV announced he'd co-launch his first AI encyclical with Anthropic's Christopher Olah at the Vatican on May 25....
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