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Facebook Pledges to Create 10,000 EU Jobs Over Next Five Years

Facebook says it plans to hire 10,000 new employees in the European Union over the next five years, as announced in a post on Sunday. The company says the expansion, focused on engineers and product designers, will put Europe “at the heart of [its] plans to help build the metaverse,” a more immersive successor to the internet that Facebook and others anticipate will flourish with the arrival of...

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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Exclusive startups ai
Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company.
Dave Rogenmoser, co-founder of Jasper. Photo by Bloomberg via Getty.
AI Agenda ai
AI Startups Are Facing a Reckoning
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI.
Nvidia CEO Jensen Huang. Photo by Getty
Exclusive semiconductors ai
Nvidia Deepens Push Into AWS’ Turf
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips.
Sam Altman and Mark Zuckerberg. Photos via Shutterstock and AP.
Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone?
Art by Mike Sullivan.
Exclusive apple asia
How a Hidden Bar Code in iPhone Screens Saved Apple Hundreds of Millions of Dollars
Next time you try to wipe a smudge off your iPhone screen, take a closer look. See if you can spot one of the two tiny QR codes etched into its glass.