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Meta Chief Hails “Incredible Breakthroughs”

Meta (NASDAQ:META) CEO Mark Zuckerberg wants his workforce to know the company is in the middle of the artificial intelligence race.

During a meeting with employees Thursday in the Hacker Square pavilion at Meta’s Menlo Park headquarters, Zuckerberg discussed Meta’s AI efforts, a spokesperson confirmed. It was the first event held there since before the COVID-19 pandemic.

Zuckerberg addressed Meta’s recent layoffs at the beginning of the gathering but focused mostly on the company’s projects in the burgeoning field of generative AI, which uses written prompts to create conversational text and compelling visuals.

“In the last year, we’ve seen some really incredible breakthroughs — qualitative breakthroughs — on generative AI and that gives us the opportunity to now go take that technology, push it forward, and build it into every single one of our products,” Zuckerberg said.

“We’re going to play an important and unique role in the industry in bringing these capabilities to billions of people in new ways that other people aren’t going to do.”

Axios first reported on the meeting and the AI projects Meta is pursuing.

While Meta has long touted its investments in AI, the company hasn’t been at the center of the conversation regarding the latest consumer applications, which have come from Microsoft-backed OpenAI, Google (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) itself.

META shares gained 20 cents in the first hour on Friday, to $264.78.