October 22, 2025, 2:48 PM EDT. Meta Platforms is cutting roughly 600 AI roles, including teams in the FAIR unit, product AI, and AI infrastructure, while its newer TBD Lab is unaffected. A memo from Chief AI Officer Alexandr Wang says affected employees should seek other roles within Meta; most are expected to find placements. The company is still hiring for TBD Lab, which is developing Meta's latest LLMs. Meta emphasizes its open-source Llama strategy, contrasting with rivals by offering LLMs to the public. Despite advances, Meta is perceived as lagging behind OpenAI and Google in consumer use of LLMs, though more than a billion people use Meta AI products each month.
October 22, 2025, 2:44 PM EDT. Amazon's plan to replace 600,000 jobs with robots could yield $2-$4 billion in annual cost savings by 2027, Morgan Stanley says. The firm notes Amazon aims for 75% automation and will add about 40 next-gen robotics warehouses by end of 2027, after overhauling older centers. Brian Nowak estimates these savings rely on 20-40% per-order reductions, or roughly $0.60-$1.20 saved per order; the Times reports the automation plan could shave roughly 30 cents per item shipped. Andy Jassy pointed to a 25% drop in fulfillment costs at the Shreveport robot warehouse, and Amazon has more than 1 million robots across facilities. The Times cites a plan to avoid about 160,000 U.S. workers by 2027, translating to meaningful cost reductions as automation expands.
October 22, 2025, 2:42 PM EDT. Reddit filed a lawsuit accusing Perplexity of building a $20 billion AI startup on data it allegedly did not own. The complaint centers on what Reddit calls improper scraping of user-generated content and proprietary datasets, enabling rapid growth and scale for Perplexity's services. The case spotlights ongoing tensions around data rights, training data provenance, and how AI firms source material for models. Perplexity has not publicly addressed the claims, and observers say the outcome could influence regulatory scrutiny, data-collection practices, and licensing norms across the AI industry. If the suit proceeds, it may redefine the balance between innovation and data ownership for AI developers and platforms.
October 22, 2025, 2:40 PM EDT. Tesla is slated to report Q3 results after the close on Wednesday, with analysts expecting EPS of about $0.56 on $26.54 billion in revenue, roughly 5% higher year over year. Auto revenue last quarter was $16.7B. Demand after the EV tax credit expiration on Sept. 30 is a focal point. The stock has rebounded and trades near all-time highs, up ~4% YTD. The analyst mix is split: LSEG shows 26 of 54 rating buy/strong buy, 17 holds, 11 sells. Notable price targets include Wells Fargo at $120 (Underweight) citing potential FSD/NHTSA concerns, and UBS at $247 (Sell) noting the stock priced for AI initiatives rather than current fundamentals. Investors will watch for demand post-tax credit and any updates on growth initiatives.
October 22, 2025, 2:38 PM EDT. Google's keyboard app Gboard is adding a dedicated keyboard Font size setting. The feature lets you choose a font size independent of Android's Display size, giving more control over the keyboard's look. By default, Match System is selected, with increments from 85% to 200% (the guide cites 85-200% on a Pixel 10). Adjustments apply to the keys and the top strip icons but not emoji size. Initially visible in a beta build (version 15.9), the setting is now widely rolling out with the stable 16.0 release as of 10/15. The change first appeared in September.