Is Meta’s pricey AI hiring spree worth it? This analyst has doubts.

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Meta Platforms Inc.’s hiring spree for top-tier artificial-intelligence talent has one analyst questioning the company’s approach to competing in the AI race and wondering whether the moves bring near-term financial risk.

Late last month, Meta

META Chief Executive Mark Zuckerberg announced the Meta Superintelligence Labs, which he said would focus on developing advanced AI that can handle tasks at the same level as, or better than, humans. Earlier in the month, it was reported that Zuckerberg offered some talent, including those poached from OpenAI, $100 million pay packages to work on the team. The tech giant also invested $14 billion in data-labeling AI startup Scale AI and hired its founder and former CEO Alexandr Wang to head the new AI effort.

This post was originally published on Market Watch

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