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Facebook has "profoundly failed" in the AI race, former Facebook executive and venture capitalist Chamath Palihapitiya said on "The Axios Show."
The big picture: Palihapitiya, who helped Facebook grow into a global giant, told Axios' Dan Primack that the company "completely fumbled" what he viewed as a huge opportunity to lead in AI.
Flashback: Speaking at the Axios BFD summit in 2022, just before ChatGPT's public release, Palihapitiya said Meta was well positioned in AI because of the vast amount of context the company has about its users.
