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Yahoo
6 minutes ago
- Yahoo
Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play?
Meta Platforms Inc. (NASDAQ:META) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke. What Happened: Deitke, a former doctoral student at the University of Washington, initially turned down Meta CEO Mark Zuckerberg's offer of around $125 million over four years. However, following a meeting with Zuckerberg, Deitke accepted a revised offer of approximately $250 million, with the potential to earn $100 million in the first year alone. As per the report by New York Post, this high-profile recruitment underscores Meta's aggressive strategy in acquiring AI talent. The company has reportedly spent over $1 billion to assemble a team of industry heavyweights, including former Apple AI models team leader, Ruoming Pang. Meta's capital expenditures are projected to surge to $72 billion in 2025, marking a $30 billion increase from the previous year. Also Read: Mark Zuckerberg Poaches Sam Altman's Talent With Multimillion-Dollar Offers To Build Meta's AI Team Deitke has gained recognition in the AI research community through his work at Seattle's Allen Institute for Artificial Intelligence and his co-founded startup, Vercept. His research on multimodal systems aligns with Meta's strategic interests. Why It Matters: While Meta's recruitment of top-tier AI talent could fuel innovation, it has also sparked concerns about increasing economic inequality and the concentration of power in AI development. Critics have lambasted companies like Meta for awarding huge sums to a select few elite researchers while simultaneously laying off thousands of workers. As Meta continues to invest heavily in AI, the implications of this strategy on the broader tech industry and society at large remain to be seen. The recruitment of Deitke and other top AI talents is a clear indication of Meta's commitment to AI, but whether this will translate into sustainable success or exacerbate existing inequalities is a question that will unfold in time. Read Next Meta Exec Dismisses OpenAI's Sam Altman's Claims of $100 Million Signing Bonuses: 'Sam Is Just Being Dishonest Here' UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
6 minutes ago
- Yahoo
Nvidia CEO Jensen Huang Just Gave Meta Investors Great News -- or Did He?
Key Points Over the last several weeks, Meta has been offering top artificial intelligence (AI) researchers lucrative contracts. These people are now part of Meta Superintelligence Labs, a division focused on competing directly with OpenAI and others. Jensen Huang appears to be supportive of Meta's hiring strategy, but there's a catch. 10 stocks we like better than Meta Platforms › Every few decades, the technology world is reshaped by a generational visionary who somehow seems to see the future before it actually unfolds. Right now, the most important technologist might just be Jensen Huang, the CEO of Nvidia (NASDAQ: NVDA). Huang does not understand artificial intelligence (AI) purely from a technical perspective. The way he speaks about it is more cerebral. Beyond Huang, another technological visionary who is worth paying close attention to is Mark Zuckerberg, the CEO of Meta Platforms. Over the last several weeks, Meta has reportedly been on an aggressive hiring campaign, poaching top AI researchers from OpenAI, Alphabet, GitHub, and Apple. Huang recently addressed Meta's hiring strategy during a discussion at the All-In Summit, hosted by billionaire venture capitalist Chamath Palihapitiya. While Huang's comments about Meta sounded supportive overall, I think there are some key nuances to point out as Zuckerberg seeks to take on competition in the AI realm. Let's dig into Huang's comments and assess what could be in the cards for Meta investors. What did Huang just say about Meta? In a video clip shared on social media, Huang shares his thoughts around Meta's recent hiring spree and the reported hundred-million-dollar signing bonuses. Huang said that a team of roughly 150 researchers and appropriate funding could potentially go on to build a rival platform to OpenAI's ChatGPT. To back up his claim, he explained that several existing AI models that compete with ChatGPT were built by a team of similar size to what Zuckerberg is reportedly assembling through the creation of Meta Superintelligence Labs (MSL). On the surface, this sounds like Meta just earned a vote of confidence from Nvidia, once referred to as the "godfather of AI." But is that really the case? I think there might be more than meets the eye to Huang's comments. What Huang didn't say As a private company, OpenAI is not required to publish its financials or operating metrics. However, according to reports from CNBC, OpenAI now has 3 million paying enterprise customers and $10 billion in annual recurring revenue (ARR). To put this into perspective, OpenAI's ARR was estimated to be around $5.5 billion last year. Those numbers show the company has nearly doubled its ARR base in less than a year, underscoring OpenAI's ability to acquire customers and accelerate its growth trends despite intensified competition from other large language models (LLM) from Anthropic, DeepSeek, and Alphabet, for example. These nuances matter because Meta Superintelligence Labs won't just need to launch something, it will need to prove that it can weather challenges across product execution, customer acquisition, and competing with incumbents with strong first-mover advantages. Although Huang appears confident that more companies will introduce products that compete directly with OpenAI, I would say that his comments fall short of an explicit endorsement of Meta, per se. Rather, I think he's more simply implying that Meta has been investing strategically in its quest to conquer the AI landscape. Is Meta stock a buy now? As the chart below illustrates, Meta experienced sizable expansion in its price-to-earnings ratio (P/E) a couple of years ago. During this period, management implemented significant cost reductions, particularly in the metaverse division. It made a strategic decision to reallocate these savings into AI initiatives. Given the trends above, I'd say that investors welcomed the shift from the metaverse to AI and began pricing in some of the upside. However, over the last 18 months, Meta's P/E levels have pulled back considerably. In my eyes, this valuation reset suggests that investors may not fully appreciate the foundation that Zuckerberg and the management team laid a couple of years ago. In other words, the market may have prematurely bought up the stock, only to discount the long-term upside of the AI opportunity now. With the creation of Meta Superintelligence Labs and a roster of all-star talent ready to build and launch new AI-powered services, Meta could be on the cusp of a massive transformation that remains discounted from a valuation standpoint. At its current levels, I see Meta stock as a no-brainer buying opportunity at these prices as I think the company's upside from AI is largely discounted right now. Should you buy stock in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Adam Spatacco has positions in Alphabet, Apple, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. Nvidia CEO Jensen Huang Just Gave Meta Investors Great News -- or Did He? was originally published by The Motley Fool
Yahoo
6 minutes ago
- Yahoo
Trump's Rose Garden redesign is in. And critics aren't impressed
Pictures of Donald Trump's new redesign of the White House's historic rose garden are in – and social media users are not impressed. Official pictures of the completed refurb project emerged Saturday. The colorful and meticulously maintained green space has now been paved over with white concrete, topped with several items of garden furniture. 'Trump turned Jackie Kennedy's Rose Garden into a parking lot. Sad day for history and nature,' wrote one user on X, reacting to the images. 'Looks awful. Devoid of life. Just more concrete in the concrete jungle. Could have at least interlaid brick or some sort of designed pattern,' added another. Another user wrote: '[Trump] has no sense of beauty, poetry, or music, no sense of national pride, no wit, no knowledge, no humanity, only narcissism and ignorance.' 'The fact that he turned the rose garden into f***ing cement is such a perfect metaphor for everything these people do,' wrote a fourth user. Another was more blunt with their assessment. 'Looks like complete dogs***,' they wrote. Even Grok, the AI chatbot feature of the Elon Musk-owned social media platform X, was unimpressed. Responding to a user asking what it thought, Grok replied: 'It looks ugly. 'The excessive paving turns an iconic garden into a sterile plaza, stripping away the natural charm and vibrancy that defined the Rose Garden. Functionality over beauty isn't always progress.' Trump's plan to uproot the garden and replace it with a stone patio – similar to one he has at his Mar-a-Lago residence in Florida – was first reported by The New York Times in February. The images emerged after the White House on Thursday announced that construction on a massive, new $200 million ballroom will begin in September and be ready before Trump's term ends in early 2029. It will be the first structural change to 'The People's House' since the addition of the Truman balcony in 1948. Elsewhere, Trump has substantially redecorated the Oval Office through the addition of golden flourishes and cherubs, presidential portraits and other items, and installed massive flagpoles on the north and south lawns to fly the American flag.
