ChainCatcher news, tech entrepreneur Mark Zuckerberg is now the fourth richest billionaire in the world, with a net worth of $201 billion. In October 2021, he renamed Facebook to Meta and expanded into the fields of metaverse hardware and artificial intelligence. As of this writing, the tech giant Meta's current stock price is approximately $567 per share, more than six times the stock's low of about $88 per share in November 2022. Meta's current market capitalization exceeds $1.4 trillion, making it one of the most valuable companies in the world.In the year following the rebranding, Meta's stock price significantly dropped from a trading price of $300 to a low in November 2022, reflecting investor unease about the company's shift towards augmented reality experiences and artificial intelligence development. Since then, half of the world's ten most valuable companies have begun developing metaverse hardware, including Apple, Google, Nvidia, and Microsoft. According to Bloomberg, as of September 2024, Zuckerberg's net worth ranks just behind Elon Musk, Amazon founder Jeff Bezos, and French businessman Bernard Arnault.Zuckerberg previously stated that Meta would narrow the company's business scope and increase capital investment in artificial intelligence research to expand its business in that area. He explained during the earnings call on July 31, "We have released our first cutting-edge open-source AI model, and our Ray-Ban Meta AI glasses continue to be in high demand."

ChainCatcher news, the founder and CEO of Meta admitted that the Biden administration pressured his team to review content on the platform. Zuckerberg stated:"In 2021, senior officials from the Biden administration, including the White House, pressured our team multiple times to review certain content related to COVID-19, including humorous and satirical content, and when we disagreed, they expressed great frustration with our team. Ultimately, the decision to remove content was ours, and we are responsible for our decisions, including the modifications made under this pressure regarding COVID-19 related content.""I believe the government's pressure was wrong, and I regret not being more outspoken at the time. I also think we made some choices that, in hindsight and based on new information, we should not have made. As I told our team at the time, I firmly believe we should not compromise our content standards due to any government pressure.""In another instance, the FBI warned us that there might be a Russian disinformation campaign regarding the Biden family and Burisma before the 2020 election. That fall, when we saw the New York Post's report on corruption allegations involving then-Democratic presidential candidate Joe Biden's family, we sent the report to fact-checkers for review and temporarily reduced its distribution weight while waiting for a response.It later became clear that this report was not Russian disinformation, and in retrospect, we should not have reduced its distribution weight. We have changed our policies and processes to ensure this does not happen again."

ChainCatcher news, according to CoinDesk, Meta founder Mark Zuckerberg stated during the earnings call that investments in artificial intelligence are ongoing, and the company remains fully committed to the vision of the metaverse. For years, Meta has been working in parallel on both areas, and in many ways, these two fields are overlapping and complementary. Regarding the losses, Zuckerberg mentioned that this is an ambitious long-term, multi-faceted roadmap. The Reality Labs portfolio includes many components related to VR, AR, Metaverse, social platforms, and neural interfaces, and Meta indeed has a long-term timeframe to assess the return on investment. Zuckerberg stated that while he cannot guarantee that the bets are correct, he truly believes this is the direction in which the world is evolving. (source link)

ChainCatcher news, Meta CEO Zuckerberg stated that Threads has reached 70 million registered users, far exceeding our expectations for the number of registrations for Threads. (Jinshi)

ChainCatcher news, Meta Platforms CEO Mark Zuckerberg stated that they are building Meta's research supercluster to train the next generation of foundational models. The new artificial intelligence data center will be equipped with liquid-cooled hardware to handle large-scale training and inference.It is reported that Meta has designed the first-generation custom chip called "Meta Training and Inference Accelerator" to power AI recommendation systems. Meta has developed a generative AI coding assistant named "CODECOMPOSE" to help engineers improve efficiency while writing code.The company's long-term goal is to build more AI tools to support teams throughout the software development process. The company's long-term goals also include the hope to open source more generative AI coding tools. (source link)

ChainCatcher news, Meta CEO Mark Zuckerberg stated at the New York Times DealBook Summit in New York City that he remains optimistic about the metaverse for the next five to ten years. However, due to macroeconomic issues, Meta needs to achieve higher operational efficiency and stricter discipline in the short term.Zuckerberg mentioned that 80% of Meta's time is spent on traditional social media applications, including Instagram, Facebook, WhatsApp, and other apps, while the remaining time is dedicated to developing hardware and software related to the metaverse. Currently, Meta's Reality Labs focuses on the development of three types of metaverse projects: virtual reality, augmented reality, and social platforms. (Source link)

ChainCatcher news, information obtained from The Leak website shows that Meta CEO Mark Zuckerberg has decided to resign, a decision that "will not affect the billions of dollars in metaverse projects," which have burdened Meta, with massive spending leading to a significant decline in profits earlier this year. However, a Meta spokesperson denied the rumors about Zuckerberg resigning as CEO next year. (Jin10)