financetom
Business
financetom
/
Business
/
Market Chatter: Meta's Zuckerberg Says AI Agent Progress Hasn't Accelerated as Expected
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Meta's Zuckerberg Says AI Agent Progress Hasn't Accelerated as Expected
Jul 2, 2026 5:02 PM

07:35 PM EDT, 07/02/2026 (MT Newswires) -- Meta Platforms Inc ( META ) CEO Mark Zuckerberg told an internal town hall Thursday that AI agent development had not accelerated as expected over the past four months, Reuters reported Thursday, citing a recording of the meeting.

Zuckerberg said a recent company reorganization involving job cuts was not as clean as it could have been and that executives had miscalculated on timing, the report said.

According to the report, Zuckerberg said top executives were worried in January and February that the company wasn't moving fast enough, and were optimistic at the time about tools like Anthropic's Claude Code.

He said the anticipated trajectory of agentic development has not materialized and that bets tied to the restructuring have yet to pay off, though he expects more meaningful benefits from AI investment within three to six months, Reuters reported.

Meta did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CompoSecure Completes Spin-Off of Resolute Holdings Into Separate Public Company
CompoSecure Completes Spin-Off of Resolute Holdings Into Separate Public Company
Feb 28, 2025
07:32 AM EST, 02/28/2025 (MT Newswires) -- CompoSecure ( CMPO ) said Friday it completed the spin-off of its subsidiary, Resolute Holdings Management (RHLD), into an independent public company. As part of the separation, the company said its shareholders received one share of Resolute Holdings for every 12 shares of CompoSecure ( CMPO ) common stock held as of February...
Docebo Q4 Results Beat Estimates, but Q1 Revenue Outlook Is Lower Than Expected
Docebo Q4 Results Beat Estimates, but Q1 Revenue Outlook Is Lower Than Expected
Feb 28, 2025
07:36 AM EST, 02/28/2025 (MT Newswires) -- Docebo ( DCBO ) , a learning platform provider, on Friday reported a beat in adjusted profit and revenue for the fourth quarter, while also providing a lower-than-expected revenue outlook for the first quarter of 2025. The company reported adjusted net income of US$8.7 million for the three months ended Dec. 31, compared...
Regeneron Says Linvoseltamab Recommended for EU Approval to Treat Multiple Myeloma
Regeneron Says Linvoseltamab Recommended for EU Approval to Treat Multiple Myeloma
Feb 28, 2025
07:40 AM EST, 02/28/2025 (MT Newswires) -- Regeneron Pharmaceuticals ( REGN ) said Friday that the Committee for Medicinal Products for Human Use of the European Medicines Agency has recommended a conditional marketing authorization for linvoseltamab to treat adults with relapsed and refractory multiple myeloma. The company said the recommendation specifically covers patients who have received at least three prior...
Perrigo Issues Medium-Term Financial Outlook
Perrigo Issues Medium-Term Financial Outlook
Feb 28, 2025
07:42 AM EST, 02/28/2025 (MT Newswires) -- Perrigo ( PRGO ) said Friday it expects fiscal 2025 adjusted earnings of $2.90 to $3.10 per diluted share. Analysts surveyed by FactSet expect $3.01 per share. The comapny pegs full-year organic net sales growth at 2.5% to 4.5%. Perrigo ( PRGO ) said it projects adjusted EPS compound annual growth rate of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved