Meta boss Mark Zuckerberg on Monday unveiled a restructuring of the company's artificial intelligence team as it pursues what he dubbed “superintelligence” – and Wall Street cheered by sending the company's stock to an all-time high.
Meta CEO Mark Zuckerberg has reorganized the company's artificial intelligence efforts under a new division called Meta Superintelligence Labs, according to a source on Monday.
Meta Platforms Inc (NASDAQ:META) stock hit a record high of $747.90 today, after news that the tech giant ramped up its artificial intelligence (AI) efforts.
Meta CEO Mark Zuckerberg is restructuring the company's AI efforts to center around building AI “superintelligence.”
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.