Summary
Meta CEO Mark Zuckerberg said AI tools are improving rapidly, allowing fewer engineers to do what once required larger teams. He expects AI to significantly change work practices by 2026. Meta has already experienced layoffs but continues to invest heavily in AI development.
Key Facts
- Mark Zuckerberg, CEO of Meta, says AI improvements mean fewer engineers can do more work.
- In a call with financial analysts, he predicted 2026 as a big year for AI in how we work.
- Meta has cut many jobs recently to simplify its management and operations.
- The company laid off hundreds of workers mainly in its Reality Labs division.
- Meta invested $77 billion in AI and related infrastructure last year and plans to double it this year.
- Meta's shares rose by about 7.5% in after-hours trading following the announcement.
- Industry experts, like those from Cisco and Google, warn that there's a risk of an AI investment bubble.
