Meta Platforms Inc. (NASDAQ:META) is one of the high profit margin stocks to buy now. On July 1, Meta CEO Mark Zuckerberg announced the launch of Meta Superintelligence Labs/MSL, which is a new AI unit aimed at developing personal superintelligence for everyone and positioning the company at the forefront of AGI development.

Meta has launched a new internal R&D division devoted to building artificial superintelligence, Bloomberg reported on Monday.

Amid OpenAI staff exits, Meta denies $100 million bonus claims but confirms hiring top AI talent from rivals to lead AGI charge under newly appointed Chief AI Officer Alexandr Wang.