Facebook Tech Chief Mike Schroepfer to Step Down

A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. Reuters
A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. Reuters
TT
20

Facebook Tech Chief Mike Schroepfer to Step Down

A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. Reuters
A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. Reuters

Facebook’s Chief Technology Officer Mike Schroepfer is stepping down from the social media company, taking on a part-time role while longtime executive Andrew Bosworth will replace him next year.

Schroepfer, known as “Schrep,” has been at Facebook for 13 years and is a close friend of CEO Mark Zuckerberg. He called his decision difficult “because of how much I love Facebook and how excited I am about the future we are building together” but added that his new role will let him focus on personal and philanthropic efforts while staying connected to Facebook.

The transition will happen sometime in 2022.

Bosworth, known as “Boz," is another longtime Facebook exec and a close friend of Zuckerberg's. He has most recently been in charge of Facebook's augmented reality and virtual reality efforts, as well as hardware products such as Oculus and Portal, Facebook's video calling gadget.

“As our next CTO, Boz will continue leading Facebook Reality Labs and overseeing our work in augmented reality, virtual reality and more, and as part of this transition a few other groups will join Boz’s team as well," Zuckerberg wrote in a memo to Facebook staff that was posted online. “This is all foundational to our broader efforts helping to build the metaverse, and I’m excited about the future of this work under Boz’s leadership."

Schroepfer's transition comes amid relentless challenges for Facebook that have ranged from concerns about extremism, vaccine and election-related misinformation spreading on its platforms, regulatory pressure on competition, antitrust issues and user privacy among other issues, The Associated Press reported.

Another longtime executive, Fidji Simo, left Facebook over the summer to become CEO of Instacart.



Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
TT
20

Meta Reportedly in Talks over Scale AI Investment that Could Exceed $10 Billion

(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)
(FILES) Meta corporate headquarters is seen in Menlo Park, California on November 9, 2022. (Photo by JOSH EDELSON / AFP)

Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.

The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.

Scale AI declined to comment and Meta did not immediately respond to Reuters request for comment outside regular business hours.

Founded in 2016, Scale AI is a data labeling startup backed by tech giants Nvidia, Amazon and Meta.

Last valued at nearly $14 billion, Scale AI also provides a platform for researchers to exchange AI-related information, with contributors in more than 9,000 cities and towns.