Zuckerberg says Meta will invest hundreds of billions in superintelligence

[SAN FRANCISCO] Mark Zuckerberg said on Monday (Jul 14) that Meta Platforms would spend hundreds of billions of US dollars on computing power to build superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top AI engineers.

The announcement comes as tech giants such as Meta aggressively chase high-profile acquisitions and offer multi-million-US dollar pay packages to attract top talent in the race to lead the next wave of artificial intelligence.

“We have the capital from our business to do this,” Zuckerberg said in a post on Threads.

The Facebook and Instagram parent has recently unveiled its new division, Meta Superintelligence Labs (MSL), to unify the company’s AI efforts, following setbacks with its Llama four model and key staff departures.

The MSL will be led by former Scale AI CEO Alexandr Wang and ex-GitHub chief Nat Friedman, after Meta invested US$14.3 billion in Scale and ramped up efforts to recruit top AI talent. REUTERS