Reminds me of "Don't dig for the gold, sell the shovels".
Could also be read:
> Meta spends 10% of last year's revenue to acquire 49% of a top AI data company and poach their leadership, to ensure they are a key player in what could be a ~5-trillion dollar industry by 2033.
Meta has a history of this. Acquiring Oculus (and leaning in on VR), Ray-Ban partnership (and leaning in on AR)... etc.
These all just seem like decisions to ensure the company's survival (and participation) in whatever this AI revolution will eventually manifest into.
Could also be read:
> Meta spends 10% of last year's revenue to acquire 49% of a top AI data company and poach their leadership, to ensure they are a key player in what could be a ~5-trillion dollar industry by 2033.
Meta has a history of this. Acquiring Oculus (and leaning in on VR), Ray-Ban partnership (and leaning in on AR)... etc.
These all just seem like decisions to ensure the company's survival (and participation) in whatever this AI revolution will eventually manifest into.