Staying in the AI race is crucial for Meta, Google, Amazon and Microsoft, with the technology likely to be the future for the industry.

Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

Meta CEO Mark Zuckerberg is forming a team focused on achieving artificial general intelligence (AGI), amid internal dissatisfaction with the performance of its current AI offerings. The team, known internally as the superintelligence group,