Its latest software event was light on new artificial intelligence features. Some analysts and investors think the company should pay up to make up ground.
The new lab, set to include the Scale AI founder Alexandr Wang, is part of a reorganization of Meta’s artificial intelligence efforts under Mark Zuckerberg.
Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a “decoupling” of finance continued.