Meta Platforms(US:META) 美股IPO·2025-12-11 00:34Core Viewpoint - Meta is shifting from an open-source strategy to a closed-source commercial model with the development of its new AI model "Avocado," which is expected to be launched in spring next year [1][3]. Group 1: Strategic Shift - Meta is undergoing a strategic transformation led by Zuckerberg, focusing on the new AI project "Avocado" and utilizing Alibaba's QWEN model for optimization [3]. - The company is considering stricter usage controls for its AI models and exploring commercialization paths, marking a significant shift from its long-standing open-source strategy [3][4]. Group 2: Organizational Changes - The strategic shift is accompanied by significant organizational restructuring, including the formation of the TBD Lab team, which reports directly to Zuckerberg [5]. - Meta has acquired Scale AI for approximately $14.3 billion and appointed its founder, Alexandr Wang, as the Chief AI Officer, supporting the closed-source direction [5]. Group 3: Financial Considerations - Meta's high capital expenditures have raised concerns on Wall Street regarding its profitability outlook, with a commitment to invest $600 billion in infrastructure over the next three years, primarily for AI development [7]. - Investors remain skeptical about whether the substantial investments, which are expected to continue until 2026, will translate into significant profits [7]. Group 4: Competitive Landscape - Meta is intensifying efforts on the "Avocado" project to prove its path to "super intelligence" in both the highly regulated European and competitive U.S. markets [8]. - The company is racing to launch products ahead of competitors, as seen with the hurried release of the video generation tool "Vibes," which was quickly overshadowed by OpenAI's Sora 2 [7].