Facebook owner Meta Platforms opens new tab plans to deploy into its data centers this year a new version of a custom chip aimed at supporting its artificial intelligence (AI) push, according to an internal company document seen by Reuters on Thursday.

Though technology companies announced massive layoffs last year, 2023 has been much worse. So far, layoffs have far outpaced those in all of 2022, as tech giants including Amazon, Facebook parent company Meta, Microsoft, Google, IBM, SAP, and Salesforce - as well as many smaller companies - announce sweeping job cuts.

Meta, the parent firm of Facebook and Instagram, is working on a standalone, text-based social network app.

Tech leaders who spent years eagerly adding to their staffs are now lining up to deliver a different message: Sorry, we grew too fast.

Meta Platforms is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry's rapid growth during the pandemic.

Facebook-owner Meta Platforms has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.

Advanced Micro Devices (AMD) on Monday said it has won Meta Platforms as a data center chip customer, sending AMD shares up more than 11% as it cemented some of its gains against Intel.

Facebook rose to prominence over the past two decades with some of the world's most recognizable branding: a big blue-and-white letter F. No longer. On Thursday, the social networking giant took an unmistakable step toward an overhaul, de-emphasizing Facebook's name and rebranding itself as Meta.

Facebook has blocked Australian users from sharing or viewing news content on the platform, causing much alarm over public access to key information. Facebook's move is in response to a proposed law in Australia which would make tech giants pay for news content.

Facebook just announced plans to help users allow tracking of their iPhones and iPads to deliver personalized ads.

The U.S. government has asked Australia to scrap proposed laws that will make it the first country in the world to force Facebook Inc and Alphabet Inc's Google to pay for news sourced from local media outlets.

The law doesn't love it when competitors promise to cooperate in certain ways.

Ted Cruz yelled. His Democratic colleague Brian Schatz called the hearing in which he was speaking "a sham." Committee chair Roger Wicker couldn't pronounce the last name of Google's CEO. Just another day on Capitol Hill for Big Tech.

The model, M2M-100, is trained on 2,200 language directions and can be more accurate because it doesn't use English as a go-between language in translations.

A 16-month congressional investigation into Amazon, Apple, Google and Facebook has found that the tech giants hold "monopoly power" in key business segments and have abused their dominance in the marketplace, in a full-throated condemnation of the giants.

New Snapdragon XR2 processor pushes nearly 50% more pixels than the original Quest.

Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid online events feature because of the iOS App Store's policies.

The Australian government has unveiled its plan to force tech giants such as Google and Facebook to pay news outlets for their content.

The coronavirus crisis might be causing widespread economic upheaval around the world, but the world's biggest tech firms are thriving.

Tencent's market capitalization has surpassed Facebook's following a huge rally in the Chinese firm's shares this year.

The most powerful figures in tech were hit with tough questions and documents that raised concerns about their competitive tactics during a high-profile antitrust hearing on Wednesday.

The blockbuster antitrust hearing featuring CEOs from Amazon, Apple, Facebook and Google, which was supposed to happen Monday, looks like it will be postponed, two people familiar with the matter told CNBC.

Verizon paused advertising with Facebook after seeing unacceptable Facebook content show up alongside of Verizon advertising, CEO Hans Vestberg said in an interview.

Big tech companies including Google parent Alphabet Inc., Amazon.com Inc. and Facebook Inc. face a swath of proposed European regulations aimed at curbing their alleged anticompetitive behavior, making them pay more taxes and compelling them to shoulder more responsibility for illegal content on their platforms, said a top European Union official.

Boycotts can be extremely effective - as Facebook is finding out.

Almost every tech giant has its sights on gaming. Even Apple and Google, predominantly known for their hardware and operating systems, have made big bets in games.

Facebook must comply with an order by Germany's antitrust watchdog to curb data collection from users, a top German court ruled on Tuesday, in a setback for the U.S. social network company that could set a wider precedent.

Representatives for Mark Zuckerberg, Sundar Pichai and Jeff Bezos indicated the execs are open to testifying before Congress about the influence of big tech.

And ditches its old logo

Facebook CEO Mark Zuckerberg announced Facebook Shops, a new e-commerce feature that allows businesses to easily list their products on Facebook and Instagram.

Facebook has a long history of expanding its features to emulate major competitors. Now it's taking on platform-of-the-moment Zoom (ZM).

Facebook (FB) is spending billions of dollars for a stake in India's largest mobile operator, and teaming up with the country's richest man to tap into an internet boom.

Facebook (FB) is canceling all of its planned physical events with 50 or more people through June 2021 due to concerns about the coronavirus pandemic.

Facebook on Thursday rolled out the desktop version of its Messenger app for Apple's Mac and Microsoft's Windows to make video chats available on computer screens for Facebook users.

The coronavirus is forcing big changes to the way Facebook operates and stretching the company to its limits, according to CEO Mark Zuckerberg.

Machine learning tools have always been the ideal content moderators for Facebook, Google and Twitter - but COVID-19 is forcing their use before they're ready

The world's largest social network is teaming up with the United Nations Foundation.

The Australian privacy regulator filed a lawsuit against Facebook accusing the social media giant of sharing the personal details of more than 300,000 people to market researcher Cambridge Analytica without their knowledge.

German Facebook users would want the social media platform to pay them about $8 per month for sharing their contact information, while U.S. users would only seek $3.50, according to a study of how people in various countries value their private information.

Spanish media is reporting that trade body the GSMA, which organises MWC, will meet to decide whether to cancel the event entirely on Friday.