Scale AI, Meta
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Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
Alphabet’s Google plans to end its relationship with Scale AI, an AI data-annotation startup, after Meta acquired a 49% stake in the company, valuing it at $29bn, reported Reuters. As Scale AI’s largest client,
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.
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Stocktwits on MSNOpenAI Commits To Scale AI Partnership Amid Meta’s $14.8B Stake, But Retail Stays WaryOpenAI reportedly plans to maintain its collaboration with Scale AI, despite Meta Platforms Inc. (META) acquiring a significant stake in the AI data provider. A Reuters report said OpenAI’s Chief Financial Officer,
Meta is investing $15 billion into Scale, and will hire its CEO Alexandr Wang and key staff for a new 'superintelligence' AI division in Meta. Wang will remain on Scale AI's board, with the company set to “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions.”
Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.
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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.
Google and other AI companies are cutting ties with Scale AI after Meta bought a 49% stake in the data-labeling firm.
Google has decided to end its partnership with Scfale AI after Meta acquired 49% stake in the company and its CEO, Alexander Wang joined Meta, as concern for data security grows.
Google is reportedly cutting ties with Scale AI after a significant investment by Meta, indicating rising concern among Scale’s top customers regarding the company's independence.Initially, the company planned to pay up to $200 million
Meta Platforms (NasdaqGS:META) has announced significant developments, including a $14 billion investment in Scale AI to enhance artificial intelligence capabilities, alongside a strategic partnership with XGS Energy for geothermal energy projects.