Can Facebook change its name again?

• Eighteen months ago, Zuckerberg bet Facebook’s future on the Metaverse and even changed its name.
• Some analysts worry that Meta is investing heavily in AI.
• The company buys thousands of expensive Nvidia chips for training AI models.

Just 18 months ago, Mark Zuckerberg bet Facebook’s future on the Metaverse and renamed the company Meta. Now some analysts worry he might be addicted to another expensive piece of technology.

The company’s chief technology officer, Andrew Bosworth, said earlier this month that Zuckerberg and his leadership team spend most of their time on artificial intelligence. As he knows, Boz was Zack’s primary partner in the doomed Metaverse foray, and some analysts were upset by his new comments.

Bernstein analysts issued the warning days after he created them and after meeting with technology investors. “Look at Zuckerberg’s newfound love for AI,” they joked in a survey email. “It looks like the year of efficiency is coming to an end (it’s April) and a name change to MetAI (our best guess) is now possible,” Meta’s public affairs department said on Monday. was asked for comment but did not respond.

Investors and analysts have just recovered from a surge in the company’s metaverse spending. They now want Meta to keep costs modest, and a massive job cut worth almost a quarter of Meta’s appeared to give them what they wanted.

But it will cost Zuckerberg to keep up with OpenAI, Microsoft and Google in AI.

In October, Meta’s CFO said AI will drive “virtually all” of the company’s capex growth in 2023. Since then, Meta has slashed its capital spending plans a bit, but the company has bought a ton of his Nvidia chips for new training. Generative AI model. These components cost about $10,000 each.

The MetaAI research group used 2,048 A100 Nvidia chips for five months to train a new set of language models. His Emad Mostaque, an AI industry executive murmured on friday.

Nvidia’s share price has more than doubled since Meta announced on October 25 that it would ramp up its investment in AI, and Meta’s share price is up about 54%.

Meta will report quarterly results on April 26th, and Wall Street will keep a close eye on the company’s spending and investment plans.

Sure, AI could help Meta’s primary advertising and social media business, but the metaverse was a major turning point.

“How can we create more relevant ads for our core business and advertising?” Meta Chief Operating Officer Javier Olivan said at a recent Morgan Stanley conference. “It’s a machine learning algorithm, AI.”