Announcement
Mark Zuckerberg, CEO of Meta Platforms (NASDAQ:META), communicated to employees in an internal town‑hall that the development of artificial‑intelligence agents over the past four months has not accelerated as the company had expected, leading to a reassessment of the recent restructuring announced earlier in the year.
Investment Outlook
Meta is budgeting up to $145 billion for AI infrastructure spending during the current fiscal year, aligning with the broader Big‑Tech investment push, and Zuckerberg indicated that the firm anticipates more meaningful returns from these investments within the next three to six months.
Technology Expectations
Zuckerberg noted that executives had been concerned earlier in the year about Meta’s pace relative to rapid advances in AI and had expressed optimism about tools such as Anthropic’s Claude Code, but those expectations have yet to materialize.
Data‑Usage Review
Chief Technology Officer Andrew Bosworth added that a review of a previously paused employee activity‑tracking program confirmed that no employee data had been used to train Meta’s AI models.