Meta Platforms shareholder and Altimeter Capital CEO Brad Gerstner is calling on Meta CEO Mark Zuckerberg to cut spending and reduce employee headcount in order to rebuild confidence with investors. In an open letter Monday, Gerstner said Meta had “drifted into the land of excess — too many people, too many ideas, too little urgency.” He urged the company to reduce headcount expense by at...
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The Weekend culture ai
Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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