infrastructure
Supermajor itself eyes $7 billion in further savings from IT, data modernisation; centralises ERP system
Meta is extending the useful life of its servers to five and a half years – a decision that will save it approximately $2.9 billion in 2025 alone. Meta previously extended the expected life of its servers by six months in Q2, 2022 – from four years. Two quarters later, Meta
“There's going to be an open-source standard globally. It's important that it's an American standard. We take that seriously, and we want to build the AI system that people around the world are using.