Time now for Tech Check. Meta beginning its latest round of layoffs and Julia Borston has the news for us.

Hi Julia.

Hi Tyler, well there are a lot of headlines in the tech space today, but let's start off on Meta where Mark Zuckerberg's

rolling layoffs continue now this is all part of the 10,000 rolls he

announced would be cut back in March. Today's round of job cuts mostly

focusing on members of Meta's business groups

versus the previous round last month that affected employees in technical roles.

Now Meta shares have more than doubled this year, one of the best performers in the S&P 500,

also related to Meta, its sale of Giffey is official.

Shutterstocks said it would be acquiring the gift sharing platform for $53 million.

Facebook bought it for $315 million back in 2020, but is being forced by UK regulators to divest it over antitrust concerns.

Now speaking of European style regulation, Google Sundar Pichai is in Brussels meeting earlier

today with EU regulators, the focus was AI.

With EU industry chief Terry Breton giving a statement saying, quote,

Sundar and I agreed that we cannot afford to wait until AI regulation actually becomes

applicable and to work together with all AI developers to already develop an AI packed on a voluntary

basis ahead of the legal deadline.

So all of this continues a theme we've seen, an effort from the tech

diets to make AI regulation a bit different from the confrontational tone we saw around social media

where the EU took the lead on privacy regulation and the like and the US has really failed to pass any regulation

in the space here.

Guys?

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