Find the answer below, under \u201cEndstop triggered.\u201d\u00a0<\/p>\n
Have a wonderful weekend. \u2014Andrew Nusca<\/p>\n
Want to send thoughts or suggestions to\u00a0Fortune Tech?\u00a0Drop a line\u00a0here<\/a>.<\/p>\n Meta cuts 8,000 workers Tom Williams\/CQ-Roll Call\u2014Getty Images<\/p>\n Welp, Meta is once again eliminating jobs in light of its massive spending on artificial intelligence.<\/p>\n The parent company of WhatsApp, Instagram, and Facebook on Thursday<\/a> told staff that it plans to cut about 8,000 gigs\u2014about 10% of its workforce of nearly 79,000\u2014beginning May 20.<\/p>\n It will also leave 6,000 open roles unfilled.<\/p>\n The news comes as Meta has committed to astonishing levels of capital expenditures this year as it competes in the artificial intelligence arms race. This year\u2019s capex guidance is between $115 billion and $135 billion, nearly double last year\u2019s spending.<\/p>\n \u201cWe\u2019re doing this as part of our continued effort to run the company more efficiently,\u201d the memo, written by chief people officer Janelle Gale, reportedly said<\/a>, \u201cand to allow us to offset the other investments we\u2019re making.\u201d<\/p>\n The layoffs follow earlier cuts in the company\u2019s Reality Labs division and elsewhere. Zoom out and it\u2019s been a relentless march: Tens of thousands of layoffs<\/a> at Meta over the last four years as the company balances its AI ambitions with investor unease.<\/p>\n The company will report quarterly earnings on April 29. \u2014AN<\/p>\n Intel crushes Wall Street targets<\/p>\n Intel has spent the last few years trying to reinvent itself and prove it\u2019s still relevant in an AI-centric world dominated by Nvidia\u2019s chips.<\/p>\n On Thursday, as Intel crushed Wall Street financial targets<\/a>, the company had a new message: There\u2019s nothing wrong with being a 58-year-old maker of PC and server microprocessors.<\/p>\n \u201cWe are embracing our roots as data driven, paranoid, and engineering driven,\u201d CEO Lip-Bu Tan said at the start of the company\u2019s Q1 earnings conference call, referencing the famous \u201conly the paranoid survive\u201d philosophy of Andy Grove, the late cofounder of Intel.<\/p>\n Shares of Intel surged more than 22% in after-hours trading Thursday after the company reported first-quarter results. Instead of the 2% decrease in revenue that analysts were expecting for the first three months of the year, Intel grew revenue 7% year-over-year to $13.6 billion. Revenue in the current quarter will range between $13.8 billion and $14.8 billion, Intel said, well above the $13.06 billion analysts have been expecting.<\/p>\n Demand for Intel\u2019s central processing units (CPU) chips, which are based on its longstanding x86 architecture, is booming, the company said. In fact, revenue would have been even higher had it been able to produce more of the chips. \u2014Alexei Oreskovic<\/p>\n Grok lawsuits threaten SpaceX\u2019s global growth<\/p>\n Last month\u2019s acquisition of xAI is giving SpaceX a teensy bit of buyer\u2019s remorse.\u00a0<\/p>\n Not that it had much of a choice, mind you\u2014both call Elon Musk founder, CEO, and largest shareholder.<\/p>\n As the U.S. rocket company prepares for a historic, $1.75 trillion IPO this summer, details from its S-1 regulatory filing have trickled out. In the typical section on risk factors, there\u2019s a decidedly atypical item: A warning that the multiple investigations into the creation and distribution of sexually abusive imagery by xAI\u2019s Grok AI model and chatbot may cause SpaceX to lose access to certain markets.<\/p>\n That such a thing happened is not new information. Grok was widely condemned<\/a> over the last year after the chatbot generated nonconsensual, sexually explicit deepfake images\u2014including those of minors. (xAI said it added additional safeguards to block such prompts.)<\/p>\n But the projected impact? That\u2019s fresh. SpaceX said<\/a> that the xAI allegations (and investigations in Brazil, Britain, California, Canada, France\u2026) could give rise to additional lawsuits, liability, and government action that would harm the parent company\u2019s opportunities in certain markets. And that\u2019s something that \u201chas occurred in the past,\u201d SpaceX added, referencing Brazil\u2019s 2024 ban after xAI refused to comply with a judicial order.\u00a0<\/p>\n A silver lining, at least if you\u2019re Elon Musk? SpaceX\u2019s 2024 reincorporation in Texas gives it additional protections to resist activist investors or hostile bidders who\u2019d push for a more aggressive Grok fix. \u2014AN<\/p>\n More tech<\/p>\n \u2014Microsoft offers voluntary buyouts<\/a> to about 7% of U.S. staff.<\/p>\n \u2014U.S. soldier arrested for Polymarket profits<\/a> from betting on Nicol\u00e1s Maduro\u2019s removal from office.<\/p>\n \u2014Tesla stock dives 4%<\/a> on news that it earned next to nothing on cars in Q1 but will spend $25 billion in capex anyway.<\/p>\n \u2014Trump threatens the U.K. with a \u201cbig tariff\u201d<\/a> if it doesn\u2019t drop its digital services tax.<\/p>\n \u2014Xbox CEO Asha Sharma<\/a>: \u201cOur new north star will be daily active players.\u201d<\/p>\n \u2014SAP shares jump 10%<\/a>. Q1 revenue of \u20ac9.56 billion tops analyst estimates while cloud revenue leaps 19% to \u20ac5.96 billion.<\/p>\n \u2014Singapore is \u201cneutral ground\u201d<\/a> for tech firms caught between China and the U.S.<\/p>\n![\"Meta](\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/04\/GettyImages-2267997264.jpg\"\/)
<\/a>Meta CEO Mark Zuckerberg in Washington, D.C. on March 26, 2026.<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/04\/1777033749_963_GettyImages-1320808277.jpg\"\/)
<\/a>(Illustration: MaksymChechel\/GettyImages)<\/p>\n