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Meta officially ‘acqui-hires’ Scale AI — will it draw regulator scrutiny?
The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.
Meta paying nearly $15B for 49% stake in Scale AI as Zuckerberg ramps up AI efforts: report
As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.
EconoTimes1d
Meta’s $14.8B Stake in Scale AI Sparks Antitrust Scrutiny Amid Google Fallout
Meta Platforms (NASDAQ:META), the parent of Facebook, has made a bold $14.8 billion move by acquiring a 49% nonvoting stake in data-labeling startup Scale AI. The investment, Metas second-largest to date,
Forget AGI - Meta is going after 'superintelligence' now
Now, Meta is slated to launch a research lab devoted to building superintelligent AI, according to a report from The New York Times. Alexander Wang, the 28-year-old founder of Scale AI, a startup that helps companies build AI apps, which could receive a multibillion-dollar investment from Meta soon, will reportedly join the new lab.
GlobalData on MSN3d
Meta to acquire 49% stake in Scale AI for $15bn
Meta Platforms has reportedly agreed to purchase a 49% stake in Scale AI, a US-based AI startup, for $14.8bn. The deal was reported first by The Information, which cited sources familiar with the matter.
Meta Eyes Nearly $15 Billion Stake in Scale AI, The Information Reports
Meta considers a $15B stake in Scale AI, per The Information, aiming to boost its AI efforts and accelerate "superintelligence" development
4 Reasons Meta Platforms Is the Best AI Stock of the "Magnificent Seven"
Meta Platforms stands out as a top AI stock because of its attractive valuation. With a forward price-to-earnings ( P/E) ratio of 25, Meta trades at a large discount to its Magnificent Seven peers, including Apple, Amazon, Microsoft, and Nvidia, which average an earnings multiple closer to 32.
Euro Weekly News12d
Stop Meta AI from using your Facebook and Instagram data now. Here is how
Mark Zuckerberg’s Meta started on Tuesday using Facebook and Instagram posts from EU users to train its AI software. Today is your last chance to say no.
Analytics Insight3d
Meta Stock Reacts to Bold $15B AI Investment
Key Takeaways Meta invests $15B in Scale AI to boost its Artificial Intelligence capabilities.The deal positions Meta as a serious contender in Artificial Gener
Meta to pay nearly $15 billion for Scale AI stake, The Information reports
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.
Meta to reportedly pay nearly $15 billion for Scale AI stake
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.
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