Meta is laying off approximately 600 employees from its artificial intelligence unit to streamline operations and reduce redundancy. The cuts primarily affect the AI infrastructure and research teams, while key personnel in the new Superintelligence Labs remain unaffected. CEO Mark Zuckerberg's dissatisfaction with AI progress and the recent lukewarm response to the Llama 4 models have prompted these measures as the company intensifies its AI investments amid competition from rivals like OpenAI and Google.

SoftBank Group plans to lay off nearly 20% of its Vision Fund employees as part of a strategic shift towards artificial intelligence investments. This move, driven by founder Masayoshi Son's vision for high-risk, high-reward projects, follows a strong quarterly performance for the fund, supported by gains in public holdings.