Contessa Brewer (Anchor) 00:00.000
Kenzi Sigalos has more in today's tech check. Hi Mac. Hey Contessa.
Mackenzie Sigalos (Business News Reporter) 00:05.000
Meta entered 2025 as an AI winner, but as year wraps the company's direction has started to look less coherent and very expensive. Insiders and industry experts telling my colleague Jonathan Vanian the strategy has become scatter shot feeding the perception that Meta has fallen
Mackenzie Sigalos (Business News Reporter) 00:20.560
further behind rivals whose models are rapidly gaining adoption. CEO Mark Zuckerberg opened the year predicting Lama would become the most advanced model in the industry. By the October earnings call, he barely mentioned it. The next Frontier model, internally code-named
Mackenzie Sigalos (Business News Reporter) 00:36.320
Avocado, has been pushed into Q1 of 2026. And the AI team, it's been through four reorgs in six months. So, this is Meta buying what it couldn't build fast enough for the street. The company reportedly paying more than $2 billion dollars for Manis AI, a Singapore-based developer
Mackenzie Sigalos (Business News Reporter) 00:53.360
of general-purpose AI agents. Manis, which was founded in China, launched its first AI agent earlier this year capable of executing complex tasks such as market research, coding, and data analysis. Meta has spent heavily to chase OpenAI and Google including the $14 billion June
Mackenzie Sigalos (Business News Reporter) 01:11.320
deal to bring in scale AI founder Alexander Wang. Investors though, they are still waiting for proof that the spending translates into products that people will pay for. Manis gives Meta a more direct subscription business with a path to expand tooling across WhatsApp. But
Mackenzie Sigalos (Business News Reporter) 01:27.000
shareholders, they are applauding the move Meta adding around $18 billion dollars in market cap today on a $2 billion dollar deal so far more than paying for itself, Contessa.