Meta Stock (META) Dumbs Down Despite Superintelligent Talent ...
Despite a superintelligent AI push, Meta stock (META) looked 0.5% less smart today. Reports suggest that the company has launched a new division to boost its AI growth. Meta Superintelligence Labs, led by Alexandr Wang, former CEO of Scale AI, will now oversee the company’s AI endeavors with Wang taking on the role of Chief AI Officer.
New Division to Drive AGI Development
The introduction of the new division aims to accelerate work on artificial general intelligence (AGI) - machines capable of outthinking humans. This move is also expected to generate new revenue streams from the Meta AI app, image-to-video ad tools, and smart glasses.
Aside from Wang and Scale AI employees, the division will also include Daniel Gross, co-founder and CEO of Safe Superintelligence (SSI). Nat Friedman, former GitHub CEO, will collaborate with Wang in leading the Superintelligence Labs and overseeing the company’s AI product development and research.
Expansion of Intelligence Team
Meta's CEO, Mark Zuckerberg, has expanded the intelligence team by hiring 11 new professionals in the AI sector, including researchers from OpenAI, Anthropic, and Google. OpenAI CEO Sam Altman revealed that Meta offered his employees bonuses totaling $100 million to join their team.
Despite the influx of new talent, analysts express concerns that the pursuit of AGI may incur significant costs with minimal short-term benefits. Many experts believe that groundbreaking advancements in this field may take up to a decade to materialize.
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This analysis is provided for informational purposes only and should not be considered as investment advice.
