Mark Zuckerberg says Meta is launching its own AI infrastructure initiative|BREAKING:

When Meta announced capital expenditure projections last year, the company made it known that it planned to spend big to build out capacity for its AI business. “We expect that developing leading AI infrastructure will be a core advantage in developing the best AI models and product experiences,” said Susan Li, Meta CFO, during an … Read more

Zuckerberg names Dina Powell McCormick, banker, ex-Trump advisor, as Meta president

Meta on Monday appointed banker Dina Powell McCormick as president and vice chairman, tapping a former member of the Trump administration to help steer the technology giant’s massive AI infrastructure expansion. Dina Powell McCormick’s last job was at BDT & MSD Partners, a bank and advisory firm that has been involved in finding US investors … Read more