Company
Meta builds the open-weight Llama models and is one of the largest buyers of AI compute.
The brief: Meta says its AI overhaul is running slower than expected despite ~8,000 layoffs. Zuckerberg expects a payoff in 3–6 months; results so far haven't landed.
The brief: US payrolls rose just 57,000 in June, far below forecast, and the miss is being tied to AI — though the causation is far from settled.