Social media firm Meta Platforms (META) is continuing to add top talent to its Superintelligence Labs team, according to Bloomberg. The latest hire is Bowen Zhang, a multimodal AI researcher from tech giant Apple (AAPL) who helped build the AI platform that supports Apple Intelligence. Zhang left Apple last week and plans to join Meta in order to develop advanced AI systems that can achieve artificial general intelligence.
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It is no secret by now that Meta CEO Mark Zuckerberg has been assembling what he calls an “elite, talent-dense team” for Superintelligence Labs. In fact, last week, he announced that Shengjia Zhao, one of the co-creators of OpenAI’s ChatGPT, would become the unit’s chief scientist. Zhao is expected to report to Alexandr Wang, the co-founder of Scale AI, who recently joined Meta as chief AI officer after the company acquired a 49% stake in Scale AI, which was valued at $14.3 billion.
Meta has also attracted researchers from rivals such as OpenAI, Google (GOOGL) DeepMind, Apple, and Anthropic. Indeed, some notable hires from OpenAI include Jiahui Yu, Shuchao Bi, Hongyu Ren, Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai. As a result, Meta is aggressively positioning Superintelligence Labs as one of the most competitive teams in the race toward advanced AI.
Is Meta a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 41 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average META price target of $761.55 per share implies 7.8% upside potential.
