Mark Zuckerberg Admitted AI Agents "Hasn't Really Accelerated" as Meta Stock Dropped 5%
Yahoo Finance ·
Meta ( META 1.91% ) CEO Mark Zuckerberg held a town-hall meeting with his staff. And if the leaks from that meeting are true, he basically said that his company needs more time to make its artificial intelligence (AI) investments work. Investors were not pleased, sending the stock sharply lower on the news. This could be a big deal. In a similar fashion to the internet-driven dot-com bubble, investors have been rewarding just about any mention of artificial intelligence . Just like during the dot-com bubble, when companies happily appended ".com" to their names, you have companies leaning into the AI theme. OpenAI, though not public (yet), is perhaps the prime example. But every company that invests in AI won't end up a winner. Meta's CEO basically just admitted that making AI work isn't as easy as you might hope. Despite that, the company is making drastic, rapid changes, including large staff reductions. Meta's top brass appears worried that it won't change quickly enough to keep up with the competition. That's not unreasonable, given that AI is a new and transformative technology. The only problem is that it is new and transformative, and nobody has yet figured out what a sustainable business model looks like. There are billions of dollars going into AI, but all that is backing the spending up are predictions of what AI might be capable of. Notably, Meta just sold $25 billon in debt, which follows on a $30 billion debt sale in late 2025.
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