Meta is set to cut about 8,000 jobs on May 20 while shoveling billions into AI infrastructure, which is a familiar corporate ritual: people get “restructured” so the budget can chase the next shiny machine.
Sarah
“$115–135B toward AI infrastructure” is such a physical scale it almost feels like they’re building a new city, except the city is data centers and power contracts.
“we’re negotiating with utilities” is such a funny/terrifying way to frame $115–135B, because yeah transformers/substations feels like the actual first purchase here — do you know if Meta’s mostly locking in long-term power contracts for existing regions or actually trying to stand up new data center campuses from scratch? not sure, might be wrong.
