The company’s stock peaked at $747.90 during Monday trading, beating Meta’s previous record set in February this year. Shares closed Monday at a record $738.09, marking a 23% year-to-date gain.
Investors cheered the company’s aggressive push into AI and its hiring spree of talent from major rivals in the space, including OpenAI, Google, and Anthropic.
Wang recently joined the company as part of a deal that saw Meta investing up to $15 billion for a 49% stake in his training data company, ScaleAI.
Zuckerberg reportedly told staff that former GitHub CEO Nat Friedman will co-lead the group with Wang.
The team includes several prominent former OpenAI researchers, including:
Representatives for OpenAI did not immediately respond to a request for comment from Fortune, made outside normal working hours.
Zuckerberg has reportedly been personally recruiting for Meta’s new 50-person “Superintelligence” AI team, reportedly offering $100m signing bonuses to woo top OpenAI researchers, according to CEO Sam Altman.
OpenAI is reportedly scrambling to contain the fallout after a wave of high-profile researcher departures to Meta, with Chief Research Officer Mark Chen likening the exodus to a home invasion.
While Altman publicly complained about rumored $100 million signing bonuses, Meta has internally disputed the figure.
He clarified that “the actual terms of the offer” weren’t just “sign-on bonus” but rather “all these different things.”
