Meta has canceled employee stock awards as part of its aggressive push to invest in artificial intelligence (AI) and other emerging technologies. The move is seen as a significant shift in the company’s priorities, following recent reports on its substantial spending plans for AI development. This comes amid growing concerns about the role of AI in shaping the future of work and its potential impact on the workforce.
Source: https://www.ft.com/content/67a4c030-a7f6-47af-bab0-a998f0a09506