ByteDance has reportedly suspended the global rollout of its new AI video generator

A month after Seedance 2.0’s launch in China sparked cease-and-desist letters from Disney and Paramount Skydance over its use of copyrighted materials, its developer ByteDance has reportedly hit pause on the release of the AI video tool in other regions. According to The Information, which spoke to two anonymous sources with knowledge of the matter,…

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Meta reportedly considering layoffs that could affect 20% of the company

Meta is considering major layoffs that could affect 20% or more of the company’s workforce, according to Reuters. These layoffs could help the Facebook parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring. Meta employed nearly 79,000 people as of December 31, according to a recent filing. “This…

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