Meta's Mark Zuckerberg unveils AI ‘Superintelligence Labs' in restructuring as shares hit record high

Core Insights - Meta is restructuring its AI operations to focus on developing "superintelligence," led by Alexandr Wang, former CEO of Scale AI, following a significant investment of nearly $15 billion for a 49% stake in the startup [1][4]. Group 1: Company Developments - Mark Zuckerberg announced the formation of Meta Superintelligence Labs, emphasizing a commitment to lead in AI advancements [1][4]. - The new unit will be headed by Alexandr Wang, who is described as the "most impressive founder of his generation," and will collaborate with Nat Friedman, former GitHub CEO, overseeing AI products and applied research [4]. - Meta's stock reached an intraday high of $747.90, reflecting a 23% year-to-date increase, with a current valuation of approximately $1.86 trillion, making it the sixth-most valuable company globally [5]. Group 2: Competitive Landscape - Meta is competing with major players like Google and OpenAI in the race for advanced AI development, with Zuckerberg advocating for an "open-source" AI model, contrasting with the closed-source models of competitors [6]. - The company has recently hired 11 new employees, including four researchers from OpenAI, amidst claims of aggressive recruitment strategies, including signing bonuses of up to $100 million [7][8]. - There are disputes regarding the accuracy of claims about recruitment offers, with some former OpenAI researchers denying the existence of such high signing bonuses [8][11].