Search results for Alexandr Wang
AI & Enterprise
Meta shares fall despite 33 percent revenue growth as it presses on with aggressive AI investment
Meta posted first-quarter revenue and net profit above market expectations, but its shares fell more than 5 percent in after-hours trading after it announced plans to expand investment in AI data centres, The Wall Street Journal reported. Revenue rose 33 percent from a year earlier to $56.3 billion and net profit was $26.8 billion. Meta forecast second-quarter revenue of $58.0 billion to $61.0 billion and plans capital spending of up to $145.0 billion this year.
AI & Enterprise
Zuckerberg steps up AI race, resumes coding beside researchers
Meta CEO Mark Zuckerberg has moved his desk next to the company’s AI researchers and has begun coding himself, according to reports. As competition in generative AI intensifies, Zuckerberg is getting more deeply involved in development and in reshaping Meta’s AI business. Meta President Dina Powell McCormick said he sits in the AI lab with Alexandr Wang and Nat Friedman and codes all day.
AI & Enterprise
Meta unveils Muse Spark AI model, eyes AI-native networks
Meta has unveiled its Muse Spark AI model, its first since hiring former Scale AI CEO Alexandr Wang nine months ago. The launch is being watched as a potential variable in an AI model market led by OpenAI, Google and Anthropic, alongside Chinese firms. The article also tracks moves around AI-native infrastructure and robotics foundation models, plus new products and funding across OpenAI, Anthropic and a range of tech companies.
