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Meta tried to buy Ilya Sutskever's $32 billion AI startup, but is now planning to hire its CEO

1. Meta invests $14.3 billion in AI startup Scale AI for talent acquisition. 2. Zuckerberg hires Daniel Gross and Nat Friedman for AI initiatives at Meta. 3. Meta's aggressive hiring strategy intensifies competition with OpenAI and Google. 4. The company aims to enhance AI capabilities amidst past hiring failures. 5. Gross's expertise in AI and venture capital could lead to innovative products.

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Why Bullish?

Meta's significant investment in AI indicates a strong commitment to future growth. Historical examples show that strategic hires can enhance company innovation and stock performance.

How important is it?

The article discusses Meta's AI investments, which are crucial for its future and can substantially influence stock performance.

Why Long Term?

Long-term AI advancements can substantially develop Meta's market position, mirroring Google's AI investments that benefitted them over years.

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