Zuckerberg shares AI 'personal superintelligence' vision after spending billions on top talent

In this articleMETA your favorite stocksCREATE FREE ACCOUNTwatch now3:5503:55RBC's Brad Erickson: Expect to see really good numbers in Meta's earningsSquawk on the StreetMeta CEO Mark Zuckerberg published a letter outlining his vision for "personal superintelligence" Wednesday, giving investors a glimpse into his artificial intelligence strategy ahead of Meta's second-quarter earnings report.The company has shelled out billions of dollars hiring top AI reers and engineers in recent weeks, and Wall Street will be listening for what Zuckerberg has to say the spending spree.Zuckerberg did not outline specific ducts or applications that Meta plans to build in his letter, but he said he views superintelligence as a tool for "personal empowerment" over automation and efficiency."This is distinct from others in the industry who believe superintelligence should be directed centrally towards automating all valuable work, and then humanity will on a dole of its output," Zuckerberg wrote.Read more CNBC newsApple is facing pressure from Wall Street to figure out its AI strategyBig split? Google to sign EU's AI guidelines despite Meta snubCash App opens up to Apple Pay and Google Pay for the first timeSpotify drops 11% for worst day in two years on weak guidanceMeta has been racing to keep up with competitors OpenAI and Google

In June, the company announced plans to invest $14.3 billion into Scale AI and hired its CEO, Alexandr Wang.Weeks later, Zuckerberg revealed a new unit called Meta Superintelligence Labs, where employees will work on foundation models such as the open-source Llama family of AI models, ducts and Fundamental AI Re jects.Wang is leading the lab as Meta's chief AI officer, and the company has also recruited talent from Anthropic, OpenAI and Google.Investors have seen Zuckerberg make expensive decisions around emerging nologies before.In recent years, Meta has poured billions of dollars into building the metaverse, a computing platform involving digital worlds that are accessible through VR and augmented reality devices

As of April, Reality Labs has reported cumulative losses of more than $60 billion since late 2020."The rest of this decade seems ly to be the decisive period for determining the path this nology will take," Zuckerberg wrote, "and whether superintelligence will be a tool for personal empowerment or a force focused on replacing large swaths of society."Don’t miss these insights from CNBC Bank of America says these five stocks have more room to run ahead of earningsThese overbought stocks could take a dip after the market's record gainsGoldman Sachs is getting worried the economyWhat the prediction are saying the big Wall Street events aheadWATCH: Trend is bullish on Meta for the long-termwatch now3:0903:09Trend is bullish on Meta for the long-termMarket Navigator