Meta pauses AI division hiring but hires Apple's Frank Chu, navigating AI investment waters.

Meta, the parent company of Facebook, has paused hiring in its AI division amid a major reorganization into four teams. Despite the hiring freeze, Meta recently hired Frank Chu, a senior AI executive from Apple, illustrating the company's continued focus on AI development. Some experts warn that the rapid growth in AI investment resembles the dot-com bubble, while others see the freeze as a strategic reset.