Meta launches enterprise AI business, hires former MongoDB CEO to lead it

Meta has launched a new enterprise AI business to diversify its revenue streams and decrease its dependency on advertising. To lead this strategic initiative and enhance long-term growth, Meta has hired former MongoDB CEO Desai. This move marks a significant pivot toward providing AI platforms for corporate clients. By tapping Desai's leadership, Meta aims to establish a strong presence in the enterprise AI sector, leveraging specialized expertise to scale its new business operations effectively.