Meta: Superintelligence Requiring A Bigger Scale (Rating Downgrade)
Update - June 30, 2025 Meta quickly rallied to a new high today at $748 on the Superintelligent Labs and quickly eversed in a potential sign of a top. In a bid to lead the next wave of AI innovation, Meta ( NASDAQ: META ) is creating a “superintelligence” division dedicated to developing cutting-edge artificial intelligence technologies. Meta Superintelligent Labs will be led by Alexandr Wang, the former CEO of Scale who Meta ( NASDAQ: META ) lured away after making a $14.3B investment for a 49% stake in the company. Along with Wang, a select group of Scale employees and researchers from OpenAI, Anthropic and Google ( GOOG ) have also joined the Meta superintelligence team. In a letter to employees viewed by Bloomberg, Meta CEO Mark Zuckerberg said, “as the pace of AI progress accelerates, developing superintelligence is coming into sight. I believe this will be the beginning of a new era for humanity, and I am fully committed to doing what it takes for Meta to lead the way.” ...