Meta puts the brakes on its massive AI talent spending spree, WSJ reports
Meta halted AI hiring after onboarding over 50 engineers during a shakeup prompted by underperformance of its Llama models, aiming to restructure for improved AI focus and efficiency.
- Meta has reportedly frozen hiring for its artificial intelligence teams amid a broader restructuring.
- This comes after Meta made high-priced offers and acquisitions in the AI field, including acquiring a 49% stake in Scale AI for $14.3 billion.
- The pause is seen as a move to assess new talent and determine if they can achieve desired breakthroughs before further investment.
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38 Articles
Meta hits the breaks on AI hiring amid growing bubble concerns: WSJ
(KRON) -- Amid growing fears of an artificial intelligence bubble, Meta has reportedly hit the brakes on AI hiring. The Facebook parent company has spent the last few months in a frenzied hiring spree, reportedly dangling $100 million bonuses to try and lure top talent from competitors like ChatGPT and Google DeepMind. 95% of companies using generative AI getting zero return: report However, according to a report Thursday in the Wall Street Jour…
Meta freezes hiring for AI teams
Meta is freezing its recruitment of artificial intelligence researchers and restructuring its AI team, an apparent setback after months of spending huge sums on big name hires. The company has courted top-end AI talent in a bid to overtake rivals after the underwhelming release of an earlier large language model and Chief Executive Mark Zuckerberg has openly pushed for progress on so-called superintelligence, or AI that can outperform humans on …
After an expensive set-up wave, Meta stops his aggressive AI recruitment for the time being - even team changes are blocked. Analysts are worried about the billions of dollars in the race for AI top forces.
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