Meta shuffles AI team to move faster, Axios reports

Meta is restructuring its AI teams to speed up the rollout of new products and features, Axios’ Ina Fried reports. Meta (META) faces stiff competition in the AI race, including from Microsoft (MSFT)-backed OpenAI and Google (GOOGL) as well as Chinese rivals such as TikTok parent ByteDance. In an internal memo sent Tuesday and seen by Axios, chief product officer Chris Cox laid out the new structure, which will see efforts divided into two teams: an AI products team, headed by Connor Hayes, and an AGI Foundations unit, co-led by Ahmad Al-Dahle and Amir Frenkel. No executives are leaving as part of the changes, nor are any jobs being cut, though the company has moved in some leaders from other parts of the company, the writer notes.