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Meta cuts over 1,000 Reality Labs jobs and closes VR studios after $70B losses
In the week of January 14, 2026, Meta began eliminating more than 1,000 roles, or about 10% of its Reality Labs workforce, and shutting several VR game studios after the division accumulated over $70 billion in losses since 2020. The company is reallocating billions in spending from VR to AI and Ray-Ban-branded smart glasses, even as it keeps pushing Horizon Worlds toward mobile platforms despite modest user numbers and weak VR headset sales.
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Trump vows to make tech giants cover surging US data center power costs
US President Donald Trump said on Tuesday that major technology firms should shoulder the electricity costs of their data centers so ordinary Americans do not face higher utility bills, after US power prices climbed around 40% over five years. He highlighted ongoing work with Microsoft, which is set to implement significant changes this week, while separate industry estimates point to rapidly rising electricity demand from data centers and AI workloads through 2030.
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Qatar and UAE to join U.S.-backed Pax Silica tech pact in January 2026
On January 12, 2026, Qatar is scheduled to sign the Pax Silica agreement, with the UAE set to follow on January 15, joining a U.S.-backed alliance focused on AI and semiconductor supply chains. The initiative groups nine countries in a "coalition of capabilities" to strengthen technology networks and reduce reliance on rival powers. Plans for 2026 include expanding membership, launching strategic projects and aligning policies to protect critical infrastructure and advanced technologies.
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LG's K-Exaone claims seventh place in global AI model rankings with 236B parameters
LG AI Research's K-Exaone foundational model has secured seventh place on the Intelligence Index compiled by Artificial Analysis, making it the only Korean entry in a top 10 otherwise dominated by US and Chinese systems. The model, built on a 236 billion-parameter MoE architecture and optimized for A100-class GPUs, topped 10 of 13 benchmark tests in a government-led competition and is available as an open-weight model on Hugging Face with free API access through January 28.
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