Here's your TNB Tech Minute for Tuesday, January 14th. I'm Bell Lynn for the Wall Street Journal.

Meta plans to cut 5% of its workers in performance-based job cuts in the U.S. next month.

It's a step CEO Mark Zuckerberg said is necessary as the company builds, quote, the most

important technologies in the world. Zuckerberg said in a memo sent out on an internal channel this

morning that he, quote, decided to raise the bar on performance management and move out low performers

faster. The job cuts are the latest in an

array of moves from Zuckerberg, who is leading his company through another transition as the

second Trump presidency is set to begin. Amazon Web Services has launched an infrastructure cloud

region in Mexico and plans to invest $5 billion in the country over the next 15 years.

The cloud business of Amazon.com, better known as AWS, said today that the new infrastructure region will allow customers to run workloads and securely store data via

AWS data centers located in Mexico. The company estimates that construction and continuing

operation of the new region will add about $10 billion to Mexico's gross domestic product

and support about 7,000 full-time equivalent jobs.

And we are exclusively reporting that the Australian Bank, Macquarie, will invest up to

$5 billion in data centers being built by artificial intelligence infrastructure company

applied digital. The move adds to Macquarie's substantial AI resources, being built by artificial intelligence infrastructure company Applied Digital.

The move adds to McCrory's substantial AI-related investments.

McCuary's asset management arm agreed to invest up to $900 million in a data center campus

that Applied Digital is developing in North Dakota.

Macquarie also has the right of first refusal to invest in additional $4.1 billion

in future Applied Digital Data Centers for 30 months.

Applied Digital CEO said the deal provides a significant amount of equity needed to build

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