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Investor's Business Daily on MSNMeta Stock Slides Toward Worst Week Since April Amid AI Shake-Up
Meta stock was falling again Thursday on a report that it is freezing AI-related hiring after a spending splurge.
Meta has paused hiring in its AI unit amid a major restructuring, after aggressive talent acquisitions and billion-dollar deals to accelerate its superintelligence ambitions.
According to the Times report on Tuesday, Meta is overhauling its newly formed Superintelligence Lab, by breaking it up into four smaller teams. The teams will reportedly focus on AI research, ...
A report from MIT on how 95 per cent of companies were failing to see any pay-off from their AI initiatives seems to have added to the suddenly chilly air. Meta’s stock has now fallen for four days in ...
Tech giants like Meta, Google, and Snap are betting that smart glasses will be the next must-have gadget. For The National, CBC’s Nora Young explains how AI is expanding the possibilities of wearable ...
Meta has restructured its AI group, splitting Meta Superintelligence Labs into four new teams. The move, driven by new AI chief Alexandr Wang, reflects both internal pressures and the need to compete ...
The hiring freeze, part of Meta’s broader restructuring, also restricts internal team transfers within its AI division.
As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 ...
The Meta CEO in June of 2025 without hesitation, made Alexandr the head of Meta's entire AI operation and even made an eyewatering 14.3 billion dollars investment in his start-up.
Billionaires everywhere are used to just making their own rules – Zuckerberg and Chan are not unique, except that they’re our neighbours’ ...
South Park Season 27 Episode 3, “Sickofancy”, premiered as the most divisive entry of the Season so far. The episode brought ...
Tech giant Meta announced that it had frozen AI hiring after recently bringing in more than 50 AI engineers and researchers.
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