Meta announced Monday that it's launching 'Meta Enterprise Platform,' a new initiative aimed at expanding the company's AI offerings to businesses and corporate customers. The social media giant hired Chirantan 'CJ' Desai, the CEO of database software giant MongoDB, to lead the new initiative. 'Over the coming years, AI will fundamentally redefine how organizations of all sizes innovate, grow, serve customers, and run business operations,' Desai said in a statement. 'Meta has a unique role to play because it is bringing together advanced models and leading agents with a proven track record of helping millions of advertisers and hundreds of millions of businesses scale. Meta Enterprise Platform will focus on turning its AI stack into products and services that companies can deploy for their own businesses.' MongoDB's shares dropped by more than 17% on the news of its CEO's sudden departure. The database maker said it appointed Dev Ittycheria as interim chief executive, who previously...
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