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Meta Hires Dreamer AI Team, Hugo Barra Joins Meta Superintelligence Labs

Meta hired the founding team of Dreamer, an AI startup built by former Google and Stripe executives, and appointed Hugo Barra to its Superintelligence Labs division. Barra previously led Meta's VR efforts and served as VP at Xiaomi and Google. The Dreamer team was working on AI agent technology before the acquisition. Meta's Superintelligence Labs, led by Yann LeCun, is focused on building next-generation AI systems beyond large language models. The hires continue Meta's aggressive push to recruit top AI talent.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
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Products

Fox closes $22 billion Roku acquisition

Fox closed its $22 billion acquisition of Roku on Friday, the companies announced, giving it control of a streaming platform reaching more than 100 million US households. Roku founder Anthony Wood now serves on Fox's board.

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Capital

Aave Labs acquires Avon team and lending technology

Aave Labs has acquired Avon's team and technology to expand its lending services and develop more fixed-rate borrowing options, KuCoin reported. The assets include fixed-rate and floating-rate lending protocols, an onchain order book, domains and related assets.