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Meta's Strategy Chief Moves to the Place Where AI Plans Meet Bills
· New York time
Dave Wehner is leaving his role as Meta's chief strategy officer to become chief financial officer of Fireworks, an AI infrastructure startup, CNBC reports. Fireworks was valued at $17.5 billion in July. The move takes a senior executive from a major technology company to a finance role at a business supplying infrastructure for artificial intelligence. The valuation gives a sense of the scale of investor expectations, although it is not the same thing as revenue or a guarantee of future performance. Wehner's new title also makes a tidy contrast with his old one. Strategy can describe where a company wants to go; finance must also account for the cost of getting there. In an industry fond of ambitious forecasts, someone still has to keep the ledger open while the future is being announced.
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