Meta's AI strategy looks well-rounded as the company successfully balances between internal R&D, CapEx, talent acquisition, and M&A. Meta's financial strength is evident in its fortress-like balance sheet, prudent capital allocation, and robust free cash flow margins. My valuation analysis suggests the stock is currently undervalued by 15%, presenting a golden opportunity to invest in this AI powerhouse.
Looks like Meta isn't done poaching talent from OpenAI.
Meta Platforms is hiring four more OpenAI artificial intelligence researchers, The Information reported on Saturday.
Meta (NASDAQ: META) is aggressively ramping up AI efforts by investing $15 billion in Scale AI and personally recruiting a top-tier “super intelligence” team, signaling a strategic push to catch up in foundational model development.
Meta's victory came two days after Claude maker Anthropic won a similar case.
Meta is definitely offering hefty multi-million-dollar pay packages to AI researchers when wooing them to its new Superintelligence Lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting.
Meta bolstered its already considerable renewable power portfolio this week with string of deals that added over 1 gigawatt of generating capacity.
Alongside bolstering its AI research talent pool, Meta seems to be keen to flesh out its consumer-facing AI features. The company is in discussions to acquire a voice cloning startup called Play AI, Bloomberg reported, citing anonymous sources.
Meta Platforms on Friday criticised EU antitrust regulators for moving the goalpost as the U.S. company seeks to comply with an order targeting its pay-or-consent business model.
Unhappy with his company's artificial intelligence efforts, Meta's C.E.O. is on a spending spree as he reconsiders his strategy in the contest to invent a hypothetical “superintelligence.
Meta Platforms will only make limited changes to its pay-or-consent model rolled out in November 2024 and EU antitrust regulators cannot verify for now if the changes are sufficient to comply with an EU antitrust order, the European Commission said on Friday.
Meta is reportedly in talks to acquire voice artificial intelligence (AI) platform PlayAI. [contact-form-7] The companies are in advanced talks on a deal in which Meta would acquire PlayAI's technology and some of its employees, Bloomberg reported Thursday (June 26), citing unnamed sources.