Meta CEO Mark Zuckerberg establishes a new AI division, Meta Superintelligence Labs, led by Alexandr Wang, as part of a major initiative to develop advanced AI systems.

Meta Platforms Inc. (META) CEO Mark Zuckerberg has reportedly made a sweeping overhaul of the company’s artificial intelligence division, consolidating its most advanced efforts into a new group aimed at building AI systems that match or surpass human intelligence.

A Bloomberg report stated that the restructured unit, named Meta Superintelligence Labs, will be led by Alexandr Wang, the former chief executive of data-labeling firm Scale AI. 

Meta Platforms stock hit a new all-time high on Monday and inched higher by 0.5% at the time of writing.

Earlier in the month, Meta committed $14.3 billion to Scale AI, valuing the latter at over $29 billion.

Former GitHub CEO Nat Friedman will work alongside Wang to guide AI product development and applied research, said the report.

Zuckerberg informed staff that Meta is ramping up its pursuit of “superintelligent” AI technology designed to match or exceed human capabilities in performing complex tasks.

He described the effort as “the start of a new chapter for humanity,” highlighting his determination to position Meta at the forefront of this rapidly advancing domain.

Beyond investing in hardware like chips and data centers, the company has been aggressively seeking strategic acquisitions and high-profile hires. 

It has held talks with AI startups such as Perplexity AI Inc. and Runway AI Inc., and is reportedly set to acquire PlayAI, a company specializing in voice technology.

As part of its revamped AI strategy, Zuckerberg revealed the addition of 11 prominent figures from leading firms such as OpenAI, Anthropic, DeepMind, and Google.

In the first quarter (Q1) of 2025, Meta’s revenue increased 16% year-on-year (YoY) to $42.3 billion, beating the analyst consensus estimate of $41.36 billion, according to Finchat data.

The earnings per share of $6.43 also surpassed the consensus estimate of $5.21 per share. Meta held $28.7 billion in cash and equivalents at the end of March. Meta expects second-quarter (Q2) revenue to be between $42.5 billion and $45.5 billion.

On Stocktwits, retail sentiment around Meta Platforms improved to ‘bullish’ from ‘neutral’ territory the previous day amid ‘high’ message volume levels.

Meta Platforms’ stock has gained over 25% year-to-date and over 45% in the last 12 months.

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