New Meta Strategy: Enhancing Research Team and Massive Investments in Artificial Intelligence

In a move reflecting its growing focus on the field of artificial intelligence, Meta Platforms (the parent company of Facebook and Instagram) announced the appointment of four new researchers from its competitor OpenAI, according to media reports published on Saturday, June 28.

The Information quoted an informed source as saying that researchers Xingjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren have agreed to join Meta. The Wall Street Journal also noted that the company recently appointed three others from OpenAI at its Zurich branch, namely Lucas Bayer, Alexander Koliesnikov, and Xiaohua Chai.

This step comes as part of Mark Zuckerberg's, Meta's CEO, efforts to enhance the company's capabilities in the field of artificial intelligence, seeking to attract more expertise from leading companies in this field.

In a related context, the Financial Times reported on Friday, June 27, that Meta aims to raise $29 billion from direct investment companies, including Apollo Global Management, KKR, Brookfield, Carlyle, and Bimco, to fund the construction of advanced artificial intelligence data centers in the United States.

This funding comes after Meta doubled its investments in artificial intelligence, including a $14.8 billion investment in the emerging company Scale AI, reflecting its ambitious strategy to strengthen its position as a leader in this sector.