Meta plans fourth AI restructuring amid Silicon Valley race ...Middle East

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The Information reported the move on Friday, citing three sources familiar with the matter.

A new “TBD Lab,“ short for to be determined, will be formed alongside a products team housing the Meta AI assistant.

Meta did not immediately respond to requests for comment, and Reuters could not independently verify the report.

The company aims to develop artificial general intelligence (AGI), machines capable of surpassing human cognitive abilities.

The firm is also expanding its data center infrastructure, securing a $29 billion financing deal with PIMCO and Blue Owl Capital.

Meta revised its annual capital expenditure forecast to between $66 billion and $72 billion last month.

Rising infrastructure and talent acquisition costs are expected to drive higher expenses by 2026. - Reuters

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