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Meta invests .3 billion in AI firm Scale and recruits its CEO for ’superintelligence’ team

Meta invests $14.3 billion in AI firm Scale and recruits its CEO for ’superintelligence’ team

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Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces […]

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Meta to pay nearly billion for Scale AI stake: Report

Meta to pay nearly $15 billion for Scale AI stake: Report

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Meta, Scale AI and the startup’s investors did not immediately respond to Reuters’ requests for comment [File] | Photo Credit: REUTERS 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. Founded in 2016, Scale […]

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