AI infrastructure will provides Meta with a "strategic advantage," Zuckerberg said. He once said almost the exact same thing about the metaverse.

Meta's new Checkpoint program restructures worker ratings and incentives, rewarding top performers with up to 300% of their base bonuses.

The layoffs are set to be announced this week and would affect Meta’s work on the metaverse, as the company spends heavily on building artificial intelligence.

Reality Labs, the business behind Meta’s Meta Quest headsets and Ray-Ban Smart Glasses, has roughly 15,000 employees.

Meta’s Reality Labs team is expected to lose around 10 percent of its staff, with layoffs concentrated on the division’s metaverse employees, as reported by The New York Times. The layoffs are apparently a side effect of Meta’s AI ambitions, which are pulling focus away from its virtual reality division.

Meta has announced its "Meta Compute" initiative to build artificial intelligence infrastructure and oversee the social media company's global fleet of data centers and supplier partnerships in its pursuit of superintelligence.

The tech giant said it removed 544,052 suspected under-16 accounts across Instagram, Facebook and Threads between Dec. 4 and Dec. 11.

Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.