Tech
Meta Bets Its AI Future On A Wall Street Power Broker
Meta is shifting its AI strategy from the lab to the negotiating table, elevating a political and financial power broker to steer its massive compute buildout.
NurPhoto via Getty Images
On Monday, Meta announced its naming of Dina Powell McCormick as company president and vice chairperson. Powell McCormick is not a stranger to Meta as she stepped down in December from an eight-month stint on its board of directors. Meta stated in its announcement that during her board tenure she was “…deeply engaged as we’ve accelerated our pursuit of frontier AI and personal superintelligence.”
While Powell McCormick has more than 25 years of top-shelf experience spanning global finance, national security and economic development — as well as serving as an advisor to President Trump for a year beginning in 20217 — she has no AI or tech experience. She spent most of her career in various roles at Goldman Sachs and BDT & MSD Partners.
Meta Hires Non-Tech Exec To Drive Its Compute And AI Strategies
The fact that Powell McCormick doesn’t have any formal AI experience, training or education doesn’t appear to detract from her leading role at one of the world’s leading tech and AI companies. In its announcement, Meta Founder and CEO Mark Zuckerberg glosses over Powell McCormick’s lack of tech chops.
Meta hires Dina Powell McCormick as its new president and vice chair
Used With Permission: Meta’s Newsroom File
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s President and Vice Chairman,” said Zuckerberg.
The Company did not respond to multiple emails for comment for this article seeking specifics regarding Powell McCormick’s new role as well as its scope and alignment with Meta’s technical roadmap for 2026.
AI Experts Are Encouraged By Meta’s Latest Executive Hire
One of the more positive aspects of Meta’s hire is its decision to appoint a woman to such a senior leadership post, disrupting the entrenched norm that women comprise less than 29% of the AI workforce and hold less than 14% of senior executive AI roles.
Ahmed Banafa, Ph.D., is a technology expert and engineering professor at San Jose State University. He applauds Powell McCormick’s hire as being less about AI algorithms and more about infrastructure, capital, and geopolitics — essential elements of AI’s global expansion.
“Meta is betting that the future of AI will depend as much on political navigation and massive investment coordination as it does on model architecture,” Banafa wrote in an email exchange.
“Meta is entering an era where building AI means building physical infrastructure at an enormous scale — data centers, compute clusters, energy access — and doing it fast. That requires someone who knows how to move billions, cut deals globally, and navigate the regulatory friction in Washington and beyond.”
Julia McCoy, started her own hybrid AI tech consultancy, First Movers, and she agrees that Powell McCormick is the right person, for the right role at the right time.
“Her background in global finance, sovereign relationships and government diplomacy positions her to help Meta navigate the massive capital partnerships and regulatory landscapes required to build hundreds of gigawatts of AI infrastructure. While she may not have a traditional tech background, the reality is that scaling AI at Meta’s ambition level requires someone who can sit across the table from world leaders, sovereign wealth funds and energy partners to close deals,” explained McCoy in an email.
Banafa says he expects Powell McCormick will play a pivotal role in advancing Meta AI ambitions into its next phase of growth.
“The logic behind this move is strategic. Meta knows that the next AI leap won’t come from the lab alone — it’ll come from execution at scale. This hire suggests they’re preparing for a global race where access to compute, power and capital will matter as much as innovation. Meta didn’t hire a scientist — they hired a dealmaker. And in today’s AI landscape, that might be exactly what they need,” concluded Banafa.
Tech
Why Banning Social Media Isn’t The Right Answer For America’s Kids
Australia has banned social media for kids under 16. A U.S. parent and public health leader explains why bans may miss the real risks — and what may work better.
Source link
Tech
Apple Releases iPhone Software Update To Address Emergency Call Issue
Apple’s latest iPhone update is designed to fix an issue which has affected emergency services since December.
Source link
Tech
Inside Moltbook: The Social Network Where AI Agents Talk And Humans Just Watch
A new platform, Moltbook, claims to host 1.4 million AI agents in a closed society. Discover why this “hive mind” signals a dangerous reversal in human cognitive skills.
Source link
-
Sports2 weeks ago
Australia down Japan in U-19 World Cup to make Super 6s
-
Entertainment2 weeks ago
Khaled Anam Confused Over Elite Brides Wearing Indian Designers
-
Tech2 weeks ago
Realme Shows Off Bold New Design for 10,000mAh P4 Power
-
Business1 week ago
Trade gap with nine neighbours widens 44.4pc in first half
-
Tech2 weeks ago
Realme Neo8 Goes Big on Battery as Key Specs Are Officially Confirmed
-
Tech2 weeks ago
Realme Neo8 Specs Details Emerge One Day Before Launch
-
Tech2 weeks ago
Meta’s Threads is Once Again Making a Huge Comeback Against X
-
Tech2 days ago
Realme 16 Proves Slim Phones Don’t Need to Have Small Batteries