Meta boss Mark Zuckerberg plans to ramp up spending on artificial intelligence (AI) projects this year, even as other executives warn of a potential bubble in the industry. During a call with financial analysts on Wednesday to discuss the Facebook-owner's 2025 financial results, the company said it expects to spend up to $135bn (£97bn) this year, mostly on infrastructure related to AI. That is nearly twice the $72bn Meta spent last year on AI projects and infrastructure. In the last three years, the technology giant has spent roughly $140bn in an attempt to get ahead of the AI boom. Zuckerberg said on Wednesday that he is expecting 2026 to be the year that AI dramatically changes the way we work.

HP has announced a lower-than-expected profit outlook for the coming year. HP has announced a lower-than-expected profit outlook for the coming year. Up to 6,000 jobs are to go at HP worldwide in the next three years as the US computer and printer maker increasingly adopts AI to speed up product development. Announcing a lower-than-expected profit outlook for the coming year, HP said it would cut between 4,000 and 6,000 jobs by the end of October 2028. It has about 56,000 employees.

Plus: Why other industries are keeping such a close eye on Big Tech's job cuts It is July 2027, and China is on the brink of invading Taiwan. Autonomous drones with AI targeting capabilities are primed to overpower the island's air defenses as a series of crippling AI-generated cyberattacks cut off energy supplies and key communications. In the meantime, a vast disinformation campaign enacted by an AI-powered pro-Chinese meme farm spreads across global social media, deadening the outcry at Beijing's act of aggression. Scenarios such as this have brought dystopian horror to the debate about the use of AI in warfare. Military commanders hope for a digitally enhanced force that is faster and more accurate than human-directed combat. But there are fears that as AI assumes an increasingly central role, these same commanders will lose control of a conflict that escalates too quickly and lacks ethical or legal oversight.

Is artificial intelligence to blame for Amazon job cuts? Multinational technology company Amazon is laying off about 14,000 employees, the company has confirmed . A message sent out to staff on the company's website followed media reports that the group was planning 30,000 job cuts. News of the layoffs on Tuesday came just a few months after CEO Andrew Jassy said the rollout of artificial intelligence (AI) technology was likely to s pell job cuts . He also launched an "inefficiencies initiative" in which he invited workers to report unnecessary bureaucracy and inefficiencies that could be targeted for cost savings.

Amazon is planning major job cuts among its corporate workers as soon as this week, multiple media outlets have reported. The online retail giant plans to lay off as many as 30,000 employees as part of cost-cutting measures led by chief executive Andy Jassy, according to the Wall Street Journal and Reuters. Each cited sources stating the same number of layoffs. Amazon declined to comment when contacted by the BBC. If confirmed, the layoffs could be one of the largest seen in recent months.

SoftBank's Vision Fund mulls 20% job cuts after Son's pivot to AI SoftBank Group's Vision Fund is considering cutting as much as 20% of its staff. SoftBank Group's Vision Fund is considering cutting as much as 20% of its staff, a person familiar with the matter said, underscoring a shift in CEO Masayoshi Son's focus to ambitious bets on artificial intelligence. The unit, which employed about 282 people as of the end of March, may shed more than 50 roles, the person said, asking not to be identified discussing private deliberations. The reduction extends years of cutbacks as the Vision Fund unit shrank in importance next to Son's growing appetite for big AI bets. Those include a plan to invest about $30 billion in OpenAI and a $6.5 billion deal to acquire chip designer Ampere Computing, which faces regulatory scrutiny.

Google has announced a wave of fresh layoffs despite turning record profits - fueling concern that staff are being replaced by AI. The tech giant made roughly 1,000 employees redundant across its sales, hardware, and engineering teams last month, and confirmed'a few hundred were laid off of each team. Google reported that it made a 20.7 billion profit in the fourth quarter of 2023, an increase of 52 percent compared to the previous year, yet its workforce shrunk by four percent. Other major artificial intelligence investors such as Amazon, Microsoft, Discord, and eBay have also laid off tens of thousands of workers in the past 12 months. Staff are now pushing back against the layoffs, and Google software engineer Diane Hirsh Theriault wrote on LinkedIn that the'glassy-eyed leaders are trying to point in a vague direction (AI) while at the same time killing their golden goose.'

Will 2024 be a boom or a bust for big tech? By one estimate, there have been more than 7,500 layoffs in the sector since the start of the year – a dispersal of pink slips that many hoped would have ceased after the deep job cuts of 2023. However, as the US's big tech earnings season gets under way this week, some analysts are predicting strong numbers. This batch of quarterly financial results may show that the industry has cleared out its pandemic-era overhiring and reorganised itself around cloud computing and AI - necessitating cuts in sectors with less rosy prospects. Analysts keen on AI say we are at the start of a tech bull market.

So far, 2024 is off to a start that looks a lot like 2023--with a week full of job cuts from tech companies. Duolingo cut 10 percent of its contractors earlier this week, citing artificial intelligence as part of the reason. Twitch announced a cut of 500 people, and its parent company, Amazon, also made moves to lay off hundreds of employees across Prime Video and MGM Studios on Wednesday. Google followed, also laying off hundreds of employees working on its Google Voice assistant, with additional reorganization affecting its hardware teams working on augmented reality, the Pixel phone, Fitbit watches, and the Nest thermostat. On Thursday, Discord said it would lay off 17 percent of its staff after hiring too quickly in recent years.

Alphabet Inc. is reorganizing its treasured artificial intelligence unit as part of the company's sweeping job cuts announced on Friday, according to an internal memo. Jeff Dean, the executive who leads Google's artificial intelligence and research efforts, said that apart from a "modest number" of reductions across the research unit, the company had determined it was over-invested in its data platform for care teams, called Google for Clinicians. The robotics unit will also see consolidation across Alphabet and Google, he said. Alphabet announced earlier on Friday that it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. Chief Executive Officer Sundar Pichai told employees the cuts will affect jobs globally and across the entire company.