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among real estate professionals. Here's your afternoon T&B Tech Minute for Thursday, April 23rd.

I'm Julie Chang for the Wall Street Journal. Meta will lay off

10% of its staff, or roughly 8,000 people next month. In an internal memo viewed by the journal,

the social media giants said the cuts would help streamline its operations and pay for massive

investments in AI. Meta also said it would cancel plans to hire for 6,000 open roles.

A affected employees will be notified on May 20th.

A meta spokesperson declined to comment.

Meta plans to spend up to $135 billion on AI infrastructure this year,

as it seeks to build out what it calls personal

superintelligence for its 3.5 billion daily users. America's first commercial nuclear power

projects in a decade have begun construction. A project by Terra Power, a company founded

by Bill Gates, started construction yesterday in Wyoming, another project,

Cairo's power, broke ground last week in Tennessee on a plant that will sell power to Google.

This industry turning point coincides with the biggest jump in electricity demand in a generation,

largely driven by the power needs of AI data centers. Finally, Microsoft is offering long-tenured employees' voluntary buyouts,

...