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Here's your morning TNB Tech Minute for Wednesday, May 20th.

I'm Danny Lewis for the Wall Street Journal.

Meta Platforms began laying off thousands of employees today and is reassigning thousands of others to AI-focused roles. That's according to an internal

memo and people familiar with the matter. The company's chief people officer told staff last

month that Meta planned to lay off about 10% of staff, about 8,000 employees, and that the company

would cancel plans to hire for about 6,000 employees, and that the company would cancel plans to

hire for about 6,000 open roles. Meta executives have said the job cuts are meant to offset its

increasing spending on AI infrastructure. It plans up to $145 billion in capital expenditures this year,

largely to build out AI data centers. We exclusively report that Bristol-Myers

Squibb is bringing Anthropics Claude Chatbot to more than 30,000 of its employees. The deal,

which the companies will announce today, deepens the biopharmaceuticals giant's use of AI for

functions like research, clinical development, and corporate uses. It also underscores Anthropics' commitment

to the life sciences industry as it continues to pursue enterprise clients. Bristol Myers says it is

...