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.

The new organization, called Meta Superintelligence Labs, will house Meta’s fundamental AI research team, also known as FAIR; the team that currently builds the company’s Llama models; and the team that develops Meta’s AI products—as well as a new lab focused on “developing the next generation of our models.”

Meta Superintelligence Labs will oversee the company’s AI products and applied research, led by former Scale AI CEO Alexandr Wang.