Indian-origin software engineer Prakshal Jain leaves his role at Meta and co-founds an AI startup called Mitosis Labs. Multiple reports say he walks away from a high-paying position at the company, where he is associated with work related to Meta Quest and other Meta AI initiatives. According to the outlets, Jain transitions from a reported compensation package of about $300,000 (roughly Rs 2.89 crore) to build AI technologies through his new venture.
The reports describe Mitosis Labs as developing multiple AI products or solutions, including three state-of-the-art offerings. Jain’s stated goal, as described by the sources, is to create advanced AI agents that can handle tasks in a way that could reduce reliance on traditional app and website interfaces. Both outlets also indicate the company is preparing for a future public showcase or announcement of its technology.
Overall, the coverage centers on Jain’s decision to depart Meta, the launch of Mitosis Labs, and the startup’s focus on developing AI solutions aimed at streamlining online interactions.
