Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Street
The Street
Ian Krietzberg

Meta Is Lagging Behind In One Crucially Important Way

In the midst of surging artificial intelligence technologies across the field, coming from tech giants including Microsoft, Google, Amazon and IBM, Facebook parent Meta (META) is just trying to catch up.

DON’T MISS: 'Hunger Games Out Here': Meta Tells Workers To Prepare For New Job Cut Round

“We have a significant gap in our tooling, workflows and processes when it comes to developing for AI. We need to invest heavily here," an internal company memo written by Santosh Janardhan, Meta’s new head of infrastructure said, according to reporting by Reuters.

The memo added that Meta would need to “fundamentally shift our physical infrastructure design, our software systems, and our approach to providing a stable platform,” to continue its AI development efforts.

The note, which was posted to internal messaging boards, was dated Sept. 20, but was first reported by Reuters April 25.

The tech giant’s efforts to hasten and expand developments in AI have cost them around $4 billion a quarter throughout 2022 in capital expenditures, Reuters reported. That high expenditure is expected to remain high throughout 2023 as Meta scrambles to catch up.

“We’re confident in our ability to continue expanding our infrastructure's capabilities to meet our near-term and long-term needs as we bring new AI-powered experiences to our family of apps and consumer products,” a Meta spokesperson said.

OpenAI’s ChatGPT, meanwhile, became the fastest-growing app to hit 100 million users, a mere two months after its launch.

Meta - which also owns Instagram and WhatsApp - will report its first-quarter earnings after the bell April 26. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.