LeCun Quits, Meta Drops $20B
LeCun exits Meta after FAIR gutted; $20B wiped, world-model startup next
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Unable to Tolerate It Any Longer, LeCun Leaves Meta
According to the Financial Times, LeCun has informed colleagues of his departure plans, with his next step being to start his own company.
After months of mounting pressure and marginalization, LeCun, who had endured it all patiently, has finally reached his breaking point...
Upon this news, Meta’s market value evaporated by 1.5% in pre-market trading—over $20 billion—and continued to decline after the opening bell.
Meanwhile, Zuckerberg is adjusting Meta’s AI strategy to catch up with Google and OpenAI. FAIR (Facebook AI Research), the lab LeCun has led for over a decade and which represented a long-term vision, will be strategically abandoned.
This abandonment showed early signs—last month, under the direction of Chief AI Officer Aleksandar “Alex” Wang, over 600 people from FAIR, including directors, were laid off in one sweep.