Summary

  • Meta CEO, Mark Zuckerberg, has indicated the company is planning to take on competitors Google DeepMind and OpenAI with its new ‘Superintelligence Labs’
  • In a Q2 earnings call, Zuckerberg signalled the company was shifting its attention away from general AI and towards building AI that can improve itself with less human input
  • The remarks also come after the company increased its expected capital expenditure forecasts for the year to $69bn, with much of that spending being attributed to employee compensation and AI infrastructure.
  • Earlier in the day, Zuckerberg had also outlined the company’s focus on ‘personal superintelligence’, which aimed to help users empower themselves and make the world a better place, while also distinguishing the firm’s approach to superintelligence from those of its competitors.
  • Lastly, in a bid to strengthen its AI capabilities, Meta has undertaken a hiring spree, tempting AI experts to the company with compensation packages worth up to nine figures.

By Lauren Goode

Original Article