-- (Updates with Meta Platforms' response in the third paragraph.)
Meta Platforms (META) is reassigning its top engineers from other departments to its new applied artificial intelligence engineering division to drive the competitiveness of its AI models, The Information reported Thursday, citing a company memo.
According to the news outlet, Meta vice president Maher Saba said in the memo that the transfers are not optional and the initiative is among the company's highest priorities as it would allow it to "compete in the AI race."
Meta Platforms declined to comment when reached by.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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