Meta helped shape the modern internet. Its platforms connect billions of people every day, and for years the company invested heavily in artificial intelligence before generative AI became the technology industry's biggest battleground. Yet one of Facebook's most influential former executives believes the company failed to turn those advantages into leadership.
Speaking on The Axios Show, former Facebook executive and venture capitalist Chamath Palihapitiya said Meta chief executive Mark Zuckerberg and the company 'completely fumbled' what he viewed as a defining opportunity in AI. He argued that the company failed to move decisively during the early days of the generative AI boom, allowing Nvidia and chief executive Jensen Huang to establish themselves at the centre of the AI ecosystem.
