Latest news with #AIdivision
Yahoo
7 hours ago
- Business
- Yahoo
Meta Pauses AI Hiring After $100 Million Talent Spree
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) has hit pause on hiring in its artificial intelligence division, just months after a big recruitment spree that saw more than 50 researchers and engineers brought on board. Some hires reportedly received compensation packages worth up to $100M, underscoring the intensity of the talent battle. Warning! GuruFocus has detected 5 Warning Sign with META. Is META fairly valued? Test your thesis with our free DCF calculator. The freeze, which began last week, also blocks internal transfers, leaving employees uncertain about when or if hiring will restart. Meta hasn't given a timeline but framed the pause as routine organizational planning tied to budgeting and the rollout of its new superintelligence division. Under its restructuring, Meta has carved AI into four groups: a superintelligence lab, AI products, AI infrastructure, and long-term research. The move follows months of aggressive poaching from rivals including Google, Apple, and Anthropic, as well as attempts to lure leaders from OpenAI. Shares slipped 0.5% Tuesday.
Wall Street Journal
18 hours ago
- Business
- Wall Street Journal
Meta Freezes AI Hiring After Blockbuster Spending Spree
Meta Platforms has frozen hiring in its artificial-intelligence division after spending months scooping up 50-plus AI researchers and engineers, according to people familiar with the matter. The hiring freeze, which went into effect last week and coincides with a broader restructuring of the group, also prohibits current employees from moving across teams inside the division. The duration of the freeze wasn't communicated internally.
