Meta Platforms (META) is in the headlines on two major fronts this week, reinforcing its aggressive push into AI (artificial intelligence). The tech giant has reportedly hired three top researchers from rival OpenAI, a move that could bolster its in-house AI capabilities. At the same time, Meta scored a legal win in a high-profile copyright case, dealing a blow to authors challenging AI-generated content.
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Meta Secures OpenAI Talent
According to the Wall Street Journal, Meta’s CEO Mark Zuckerberg has hired three OpenAI researchers, Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, to help drive the company’s superintelligence efforts. The aggressive talent grab comes after a lukewarm reception to Meta’s latest AI model, prompting the company to offer sky-high incentives, reportedly up to $100 million, to lure top talent in the field. A spokesperson for OpenAI confirmed that these three researchers have officially left the company.
Zuckerberg has intensified the company’s AI push, recently investing $14.3 billion in Scale AI and appointing its founder, Alexandr Wang, to lead Meta’s new superintelligence lab.
Meta Scores Legal Win in AI Copyright Case
In separate news, Meta has secured a legal win in a copyright lawsuit filed by a group of authors. Writers including Sarah Silverman and Ta-Nehisi Coates had alleged that Meta violated copyright laws by using their books without consent to train its AI models. However, U.S. District Judge Vince Chhabria ruled that the authors failed to provide sufficient evidence that Meta’s AI would harm the market for their work, concluding the company’s actions did not violate U.S. copyright law.
The ruling comes after a similar decision in favor of Amazon (AMZN)-backed Anthropic, signaling growing legal momentum for tech firms developing AI systems.
Chhabria also stated that the ruling doesn’t mean Meta’s use of copyrighted content is legal. Rather, it means that these specific authors didn’t make the right arguments or show strong enough evidence to support their case.
Is Meta a Good Stock to Buy Now?
On TipRanks, META stock has a consensus Strong Buy rating among 46 Wall Street analysts. That rating is based on 42 Buys, three Holds, and one Sell assigned in the last three months. The average META price target of $714.26 which is almost similar to the current levels.
