Meta Platforms Hit by Departure of AI Strategist

2 months ago

Valerie Titel

"What's going on with Meta Platforms, Valerie? >> This is a really interesting one. Meta is down 1.3% and this comes after a Financial Times article reporting that the company's chief AI strategist uh L Yan Lun is planning to leave to create his own startup. Now, this is a French US scientist who is considered one of the pioneers of modern AI. uh he worked on longerterm research products uh under Meta's AI research lab and recently the CEO Mark Zuckerberg at Meta has been radically overhauling Meta's AI operations to focus more on rapidly rolling out models and AI products instead of long-term projects. So perhaps he is wanting to leave the firm to start on other projects of his own. But it does seem to be impacting the stock price. The loss of this main AI chief scientist Meta is down 1.2%."

Meta Platforms is facing pressure as its most prominent AI strategist prepares to leave, coinciding with a stock dip of over 1.2%. The shift in management focus towards faster AI product rollouts appears to be unsettling investors.

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