Meta's AI chief clears the air; says no slowdown in Superintelligence Labs investments

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Meta Platform's (NASDAQ:META [https://seekingalpha.com/symbol/META]) Chief AI Officer, Alexandr Wang, insists there is no slowdown in artificial intelligence investments despite multiple reports this week possibly indicating otherwise.

"We are truly only investing more and more into Meta Superintelligence Labs as a company," Wang said Thursday afternoon in a post [https://x.com/alexandr_wang/status/1958599969151361126] on X. "Any reporting to the contrary of that is clearly mistaken."

Meta shares slid 1.2% by afternoon trading.

Wang, the founder of Scale AI, was hired by Meta to run its AI division known as Superintelligence Labs. Wang is one of many high-profile AI experts onboarded by Meta in recent months.

His post appears to call out articles published this week by the _Wall Street Journal_ and _The_ _New York Times_.

The _Journal_ reported [https://seekingalpha.com/news/4487720-meta-pauses-ai-hiring-amid-broader-restructuring---report] today that Meta has paused hiring in its AI division after a significant hiring spree that brought in over 50 researchers and engineers, many lured with extremely high compensation packages, with some totaling as much as $100M.

This followed a Tuesday article by _The Times _indicating the company is also looking at downsizing [https://seekingalpha.com/news/4487134-meta-plans-to-restructure-its-ai-division-amid-internal-tensions---nyt] the AI division overall because it has grown to "thousands of people in recent years." It also said Meta is restructuring Meta Superintelligence Labs into four groups amid internal tensions over the technology.

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