Meta is betting a lot on AI. This year it is going to spend around $70 billion on capital expenditures to build out AI data centers. On top of that, Meta has been on a hiring spree, reportedly offering nine-figure multiyear deals to the top AI researchers in the world.

Meta is cutting roughly 600 positions in its artificial intelligence division, as the company reorganizes its workforce to better compete in the global AI race

But Meta is still hiring for its team tasked with achieving superintelligence, according to a report from Axios.

Meta announced Wednesday that it is laying off 600 employees in its artificial intelligence division while still hiring for its superintelligence lab.

Artificial intelligence has pervaded into nearly every aspect of society, from the workforce to education and even dating.

Meta has formed a $27 billion joint venture (JV) to fund the build-out of a large-scale AI data center campus in Louisiana. Facebook's parent company has set up the JV, which will develop and own the Hyperion data center campus in Louisiana, with funds managed by Blue Owl Capital.