Meta shares fall on AI restructuring report, while Lilly shrugs off Novo's Ozempic price move

Meta Restructures AI Group Again in Pursuit of Superintelligence

Meta Platforms Inc. is splitting its newly formed artificial intelligence group into four distinct teams and reassigning many of the company’s existing AI employees, an attempt to better capitalize on billions of dollars’ worth of recently acquired talent.

Meta shares fall on AI restructuring report, while Lilly shrugs off Novo's Ozempic price move

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Meta Platforms (META) Shares Decline Amid AI Concerns

Shares of US tech giant Meta Platforms (META) fell by around 3% after media reports revealed that the company plans to reorganise its artificial intelligence operations for the fourth time in six months. The news has raised investor concerns over whether Meta’s AI strategy is on the right track.Meanwhile, Bloomberg reports that Meta intends to begin selling its first smart glasses with a built-in display next month. However, the price may come i…

Does Meta know where it's going with AI?

Does Meta know where it's going with AI? Talent poaching, rabid investment, and now another rumored overhaul of its AI strategy suggests the tech giant is floundering.

Meta restructures AI strategy: super intelligence lab reportedly divided into four major teams

Meta Platforms Inc. reportedly plans to restructure its artificial intelligence (AI) division by splitting its superintelligence lab into four specialized teams within six months, according to The Information, cited