Meta, Scale AI
Digest more
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.
2don MSN
Meta is making an investment in artificial intelligence company Scale and recruiting Chief Executive Alexandr Wang to join a team developing “superintelligence” at the tech giant.
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 invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
Google and other AI companies are cutting ties with Scale AI after Meta bought a 49% stake in the data-labeling firm.
Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally can last.
Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny.