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Some of the company's managers are to find savings equal to 20 percent of the annual costs of their areas. The layoffs could affect thousands of people, and some of the money is to go toward investments.
For years, the AI character chat platform spent more on computing power than it earned. The entertainment giant now wants to license its technology and take over most of the team.
A platform with around 20 million monthly users was spending more on computing alone than it earned in its best month. For companies that build products on language models or buy them, this collapse shows where to look for risk.
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