Shulou(Shulou.com)11/24 Report--

On April 25, just 18 months ago, Mark Zuckerberg, CEO of Facebook's parent company, Mark Zuckerberg, staked his future on the virtual world of meta-universe and even changed the company's name to Meta. Now some investment bankers worry that Mr Zuckerberg may be so addicted to artificial intelligence that one bank jokes that Mr Zuckerberg will change the company's name to MetAI again.

Andrew Bosworth, Facebook's chief technology officer, said earlier this month that Zuckerberg and other executives now spend most of their time on artificial intelligence. Bosworth is Zuckerberg's main partner in the meta-universe business, and some analysts are disturbed by his comments.

Bernstein analysts at the investment bank warned investors just days after Bosworth's comments. Analysts joked in an email that "keep a close eye on Zuckerberg's new hobby of artificial intelligence for everything". "it looks like the year of efficiency is coming to an end, and we guess it's possible for him to change the name of the company to MetAI now."

Meta's public relations department didn't respond to requests for comment.

Investors and analysts are just recovering from Meta's heavy spending. They now want Meta to remain conservative in terms of cost control, after massive layoffs at Meta seemed to meet their requirements.

But if Zuckerberg wants to keep pace with OpenAI, Microsoft and Google in artificial intelligence, he will have to pay a high price.

Last October, Meta's chief financial officer said artificial intelligence was the main driver of the company's "almost all" capital expenditure growth in 2023. Since then, Meta has cut some of its capital expenditure plans, but has been buying large quantities of Nvidia chips to train new generative artificial intelligence models. It is reported that each Nvidia chip sells for about $10, 000.

Emad Mostaque, an AI industry executive, wrote on personal social media Twitter on Friday that it took the Meta AI research team five months to train a new language model using 2048 A100 Nvidia chips.

On October 25th last year, Meta said it would increase its investment in artificial intelligence. Since then, Nvidia shares have more than doubled, while Meta shares have risen about 54 per cent.

Meta will release its latest quarterly results on April 26 local time, and investors will keep a close eye on the company's spending and investment plans.

To be sure, artificial intelligence will help Meta's core advertising and social media business, while meta-universe will undergo a major shift.

"how do we generate more relevant advertising in terms of core business and advertising?" Javier Olivan, chief operating officer of Meta, said at a conference hosted by Morgan Stanley recently. "it depends on machine learning algorithms, that is, artificial intelligence."

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