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Meta beefs up disappointing AI division with $15 billion Scale AI investment
Meta’s investment is the latest attempt by chief executive Mark Zuckerberg to give his $1.8 trillion social media company an edge in the race to develop more powerful AI models. Zuckerberg has been trying to poach top researchers and engineers from rival groups as he seeks to build out a new “superintelligence” team.
Meta to Pay Nearly $15 Billion for Scale AI Stake and Startup’s 28-Year-Old CEO
Meta has agreed to take a 49% stake in data labeling firm Scale AI for $14.8 billion, two people familiar with the matter said. The unusual deal will be structured so Meta will send the cash to Scale’s existing shareholders and place the startup’s CEO,
Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally ...
Key Takeaways Meta invests $15B in Scale AI to boost its Artificial Intelligence capabilities.The deal positions Meta as a ...
Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising ...
ET CIO on MSN5d
Meta to pay nearly $15 billion for scale AI stake: ReportMeta Platforms reportedly agreed to acquire a 49% stake in AI startup Scale AI for $14.8 billion. This move aims to boost ...
Meta is reportedly exploring a landmark $10B+ investment in Scale AI, a critical move to control its AI data pipeline and ...
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