Infinera said it scored a major new deal with a hyperscale company that some analysts believe is Facebook operator Meta.

The Jeffersonville facility will include liquid-cooling hardware to support the voracious computing needs of AI.

Some on Wall Street expect 2024 to bring a wave of mergers after a sleepy 2023 for deal-makers.

Amazon, Intel, Alphabet, and Meta have all said they no longer plan to attend the tech conference.

The Facebook owner unveiled a new chip developed in-house to help train AI faster, a tool that helps coders get suggestions for building products, and a revamped data center design to make it easier to deploy AI technology.

Facebook parent company Meta began handing out a new round of pink slips Wednesday, targeting engineers and tech talent.

In its earlier round of cuts, Meta slashed 11,000 workers in what was its first-ever major layoff. Zuckerberg has dubbed 2023 Meta’s “year of efficiency.”