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.

Meta CEO Mark Zuckerberg has reorganized the company's artificial intelligence efforts under a new division called Meta Superintelligence Labs, according to a source on Monday.

Meta has launched a new internal R&D division devoted to building artificial superintelligence, Bloomberg reported on Monday.