Meta is pouring hundreds ofbillions of dollars into building out AI data centers and luring talent to shore up its AI research teams. Zuckerberg’s efficiency drive over the past three years has paid off. Revenue per employee has steadily increased over that time period, with the company overtaking Amazon last year, according to data shared in the Bernstein note this week. Pinterest was the only company with a higher ratio. At the same time, Meta’s capex and R&D spend per employee have significantly outpaced rivals, according to the Bernstein report, which could point to a reason for the potential layoffs. Is Meta winning AI race ?
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