Meta builds new A-team focused on AI products

Meta Platforms Inc is creating a new top-level product group focused on generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up.

AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth and has cut thousands of jobs as well as scaled back on experimental bets in order to weather the downturn. “We’re starting by bringing together many of the teams across the company working on generative AI into one group focused on building delightful experiences around this technology,” Zuckerberg said in an Instagram post.