Meta Freezes AI Hiring After Talent Spending Blitz

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• 00:03

  Meta hits pause on its blockbuster AI hiring spree.

• 00:07

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• 00:22

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• 00:29

  It's Thursday, August 21st.

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  I'm Azhar Sukri for The Wall Street Journal.

• 00:33

  Here is the AM edition of What's News,

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  the top headlines and business stories moving your world today.

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  We are exclusively reporting that Meta Platforms is pumping the brakes on its fierce AI hiring spree after months of scooping up more than 50 artificial intelligence researchers and engineers.

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  According to people familiar with the matter,

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  a hiring freeze for the company's AI division went into effect last week,

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  coinciding with a broader restructuring of the group,

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  which also blocks current staffers from moving across teams inside the division.

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  The arms race for AI talent has escalated in recent months,

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  and Meta has most often pushed the pace, offering prized researchers ultra-lucrative pay packages.

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  As of mid-August,

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  the company has hired more than 20 researchers and engineers from OpenAI and picked up other hires from major tech companies including Google,

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