Mark Zuckerberg has established a new product advisory council to guide the company’s artificial intelligence (AI) and technology advancements. The council, known as the Meta Advisory Group, will meet periodically with Meta’s management team.
The group comprises four executives: Patrick Collison, CEO and co-founder of Stripe Inc.; Nat Friedman, former CEO of GitHub; Tobi Lutke, CEO of Shopify Inc.; and Charlie Songhurst, an investor and former Microsoft Corp. executive. None of the members will be paid for their participation.
Meta seeks to reinvigorate its drive into AI-focused products, including hardware devices like the Quest virtual reality headsets and Ray-Ban smart glasses, and software products like Meta’s AI assistant. The company plans to increase its capital expenditures this year to push harder into AI development.
Zuckerberg has urged investors to be patient, noting that many of the company’s AI efforts will not yield immediate financial returns. In the race to develop AI models that can underpin the next generation of tech products, Meta is up against rivals such as Alphabet Inc.’s Google, Microsoft Corp. and partner OpenAI, and startup Anthropic.
Read more: Bloomberg