At an internal town hall, CEO Mark Zuckerberg admitted that the advancement of AI agent development has not progressed at the anticipated pace. This revelation comes after Meta cut over 8,000 jobs and reallocated another 7,000 to various AI groups in an effort to keep up with tech industry changes.

Zuckerberg noted that these job cuts were less ‘clean’ than expected due to concerns about the company not adapting fast enough. Despite this setback, he believes improvements from these investments will materialise within three to six months.

Meta’s significant investment in AI is reflected in its projected spend of up to $145 billion on AI infrastructure for 2023. However, the current landscape suggests a more challenging path than initially anticipated.