00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Meta is overhauling its artificial intelligence strategy with new leadership,
00:07a move away from open source development, and rising capital expenditures, according to Benzinga.
00:13CNBC reported that Meta is developing a new frontier model called Avocado,
00:18now delayed to early 2026, after training issues. The model may debut as proprietary,
00:25marking a sharp pivot from the company's recent open source approach.
00:29Zuckerberg removed Chief Product Officer Chris Cox from the AI division
00:32and appointed Scale AI founder Alexander Wong as Chief AI Officer.
00:37Meta spent $14.3 billion to acquire Wong's team and raised its 2025 CapEx outlook to more than $70 billion.
00:45Meta expanded its infrastructure by partnering with CoreWeave and Oracle
00:49and building its Hyperion facility in Louisiana.
00:52Meta shares are up 12% year-to-date.
00:54For all things money, visit Benzinga.com.
00:58Meta says,
00:59my career is the MSN
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