Meta CTO Andrew Bosworth To Lead Massive 'AI For Work' Takeover Across 78,000 Staff

Benzinga03-25

Meta has put its chief technology officer, Andrew Bosworth, in charge of expanding AI adoption across its workforce as it pushes to stay competitive. Bosworth will now lead the company's "AI For Work"...

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Crockett also points to potential growth in AR glasses and continued strength in advertising as key drivers.\nWhile Meta plans heavy spending, he believes AI-driven revenue growth and improving AR momentum could help offset those concerns, leaving room for upside.\nMETA is trading 5.7% below its 20-day SMA and 7.2% below its 100-day SMA, keeping the intermediate trend pointed down even as the stock attempts to base. Shares are down 5.33% over the past 12 months and are currently positioned closer to their 52-week lows than highs.\nThe RSI is at 34.52, in neutral territory but leaning toward \"washed-out\" conditions if selling pressure resumes. Meanwhile, MACD is at -14.8185 and remains below its signal line at -9.8841, a bearish configuration that suggests rallies may still face overhead pressure.\nThe combination of RSI in the 30–50 range and bearish MACD suggests mixed momentum.\nMeta Analyst Consensus\nThe stock carries a Buy Rating with an average price target of $851.03. Recent analyst moves include:\nSignificance: Because META carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.\nMETA Stock Price Activity: Meta Platforms shares were up 1.13% at $599.63 during premarket trading on Wednesday, according to Benzinga Pro data.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622902025","isCrawlerRequest":true}