Meta Platforms is set to cut approximately 8,000 jobs, or 10% of its workforce, as it simultaneously invests a staggering $135 billion in artificial intelligence infrastructure this year. This dual approach aims to enhance operational efficiency while maintaining competitive edges in partnerships with Broadcom for AI chip development and CoreWeave for cloud capacity. Despite job reductions, Meta experienced strong financial growth, reporting a 21.9% increase in revenue for 2024 and expecting a further rise to 25% in 2026.
“The big news that I saw today was Meta Platforms. Meta Platforms today announced that they are going to continue to build AI chips with Broadcom.”
“More significantly, Nebius secured a landmark $27 billion deal with Meta Platforms for compute capacity delivery, with $12 billion committed over the first five years.”
“CRWV also announced an expanded, long-term agreement with Meta Platforms to provide AI cloud capacity through 2032 for approximately $21 billion. With this deal, the two companies are continuing their existing relationship, increasing support for Meta Platforms' development and deployment of AI.”
“Prior to the Anthropic positivity, CRWV also announced an expanded, long-term agreement with Meta Platforms to provide AI cloud capacity through 2032 for approximately $21 billion.”
“However, these concerns came to a screeching halt last week when CoreWeave announced a landmark $21 billion expansion to its energy agreement with Meta Platforms (META).”
“However, these concerns came to a screeching halt last week when CoreWeave announced a landmark $21 billion expansion to its energy agreement with Meta Platforms (META).”
“In 2023, it generated 15.7% revenue growth, which was a big increase from the year before.”
“And then in 2024, it generated 21.9% revenue growth, which is an acceleration from 2023.”
“And then in 2025, it generated 22.2% growth, which again was better than 2024.”
“the expectations are for another acceleration here in 2026 with revenue increasing by 25%.”
“And then in 2027, we're seeing a slowdown expected revenue growth of 17.9%.”
“and then another slowdown revenue growth of 16.3% in 2028.”
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