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00:03Meta Platforms has frozen hiring in its artificial intelligence division
00:06after months of aggressive recruitment, the Wall Street Journal reported.
00:11The freeze effective last week prohibits external hires and internal team transfers within the AI division.
00:17The company had lured over 50 researchers and engineers from rivals,
00:21including OpenAI, Alphabet, and Apple, with compensation packages up to $100 million.
00:26Morgan Stanley analysts warned that escalating stock-based pay could reduce Meta's buyback capacity
00:32and weigh on shareholder returns, contributing to tech stock sell-offs.
00:37The freeze follows Meta's reorganization of its superintelligence labs into four specialized divisions
00:42after dissolving its AGI Foundation's team due to underwhelming Lama model results.
00:47For all things money, visit Benzinga.com.
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