Lates News

Analyst Adam Button stated that media reports cited an internal all-hands meeting message from Meta Platforms (META.O), in which CEO Mark Zuckerberg admitted that the development speed of the AI intelligent body in the past four months did not meet expectations. Meta has been in the spotlight this week due to recent reports suggesting that the company is considering selling excess computing power, leading to speculation that it may be withdrawing from the foundational model race. Meta has recently faced challenges with layoffs and reassignments impacting corporate culture, and has attempted to ease employee morale through relatively superficial measures such as providing snacks (comfort) and hosting hackathons (inspiring vitality). Zuckerberg confessed at the meeting that department restructuring "could have been more decisive"; executives had been concerned earlier in the year that "AI actions were not fast enough." However, Zuckerberg seems not yet ready to retreat, stating that the best results of the restructuring "have not been achieved" and still believes that the long-term trend is consistent with the direction of the restructuring. This does not sound like waving the white flag. After the latest media reports came out, Meta's stock price was briefly under pressure but then rebounded.