Meta's stock reached a record high after the announcement of its new "Superintelligence" team, consisting of top AI professionals from OpenAI, Google, and Anthropic. CEO Mark Zuckerberg's recruitment strategy led to the all-time peak of $747.90 during trading, with shares closing at $738.09, reflecting a 23% increase year-to-date. The hiring strategy has been welcomed by investors, showing positive sentiment toward Meta's significant advancements in artificial intelligence. Key figures leading the team include new Chief AI Officer Alexandr Wang and co-leader Nat Friedman, who will oversee multiple prominent AI researchers joining from OpenAI.
Meta's stock peaked at $747.90 during Monday trading, beating Meta's previous record set in February this year. Shares closed Monday at a record $738.09, marking a 23% year-to-date gain.
Investors cheered the company's aggressive push into AI and its hiring spree of talent from major rivals in the space, including OpenAI, Google, and Anthropic.
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