• Meta's President hosted top asset management leaders to discuss an aggressive AI strategy and an ambitious goal to raise $600 billion in capital investments by 2028.
  • CTO Andrew Bosworth criticized leadership's explanation of an "atrocious AI restructuring" in an internal memo, with staff morale near a 20-year low.
  • The company is also facing a potential lawsuit in Italy regarding algorithmic harm to minors, with a class-action suit demanding stronger age verification.
  • Separately, Emily Dalton Smith, head of product for Meta's 'AI for work' transformation, is reportedly leaving the company.