META IS HIRING AGAIN FOR THE AI SECTOR
-Meta Platforms Inc. $META plans to resume hiring with an emphasis on jobs in the artificial intelligence sector.
- The move signals a departure from the trend of cost-cutting in Big Tech, which can be seen as a vote of confidence in the economy and the future of AI technology.
- However, the resurgence in hiring may worry investorsas an increase in headcount may mean a reduction in profit margins.
- Focus on artificial general intelligence (AGI) points to Meta's ambitious plans to compete in the race for AGI with other tech giants.
- For example, despite hiring fewer employees than in the past, Meta $META+0.6% is outpacing other tech giants in hiring volume, which may be a key factor in the competition for AI talent.
- While Meta is hiring, other tech companies such as Amazon's Twitch, and Microsoft, continue to lay off.
- Investors must weigh the cost of investing in AI against the expected productivity gains from the technology.
What do you think of this move by the company $META+0.6%?
