A year after Meta’s $14.3 billion bet on Alexandr Wang, the company finally has its first proprietary AI model, but remains behind OpenAI, Anthropic and Google. High-profile hires from rival labs made headlines, but so did layoffs, key departures, and a year of widespread internal conflict and low morale. With Meta’s stock down 19%, the pressure is now on Wang and Zuckerberg to prove the bet was worth it. CNBC’s Julia Boorstin explores what Meta is up against as it attempts to generate real revenue beyond ads.
Credit to : CNBC
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