Meta restructures AI division to develop "super intelligence" shares hit record high
2025-06-30 19:38:49
Meta Platforms (META. O) CEO Mark Zuckerberg has announced a major reorganization of the company's artificial intelligence division, including a commitment to developing "superintelligence," systems that can perform tasks as well or better than humans. According to an internal memo, Zuckerberg wrote to employees on Monday that Meta's artificial intelligence work would fall under a new division called Meta Superintelligence Labs (MSL), led by Alexandr Wang, former CEO of data labeling startup Scale AI. Wang will serve as the company's chief artificial intelligence officer. Zuckerberg also said that former Github CEO Nat Friedman will co-lead the group and be responsible for Meta's work on artificial intelligence products and applied research. Affected by this news, Meta's share price hit a record high of $747.9 during the session.
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