Meta's hot AI hiring spree just iced over. The tech giant said it's "creating a solid structure for our new superintelligence efforts.
A Meta spokesperson said that the pause was simply "some basic organizational planning" following its latest superintelligence efforts. The moves come amid growing concerns that investment in AI is moving too fast and a broader sell-off of U.S. technology stocks this week.
After a months-long hiring spree, Meta Platforms has frozen hiring in its artificial-intelligence division, according to a new report.
A hiring freeze at Meta Platforms' artificial-intelligence operations is in effect after investors voiced concerns about the scale of Meta's stock-based compensation costs.
Meta is restructuring its AI group, splitting it into four teams in a move to accelerate the company's pursuit of superintelligence. Bloomberg's Riley Griffin discusses the details with Caroline Hyde on “Bloomberg Tech.
Meta signed a deal yesterday with solar developer Silicon Range to develop a $100 million, 100-megawatt solar farm in South Carolina.
Meta remains a 'strong buy' due to its robust long-term growth prospects and effective AI-driven business transformation. AI initiatives are directly boosting Meta's advertising efficiency, user engagement, and financial results, supporting sustained double-digit revenue growth. Meta's outstanding profitability and strong free cash flow enable aggressive investment in AI and infrastructure, positioning it for future dominance.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 5.27% over the past five trading sessions, dragging down the Magnificent Seven mainstay's year-to-date gain to 22.97%.
I/O Fund lead tech analyst Beth Kindig discusses A.I. stock and technologies on 'Making Money.
Meta is reportedly set to unveil smart glasses that incorporate a display in September and offer them at a price starting at $800.
On Friday, The Information reported that Meta was preparing to tear down its existing AI org and reorganize it into four new groups. Four days later, the change has been made official with an internal memo, as reported by Bloomberg and The New York Times.
Meta Platforms' AI-driven engagement boost, and new WhatsApp safety tools and Instagram features fuel strong ad revenue growth despite stiff competition.