Meta, AI and Scale
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Meta's $14 billion investment in Scale AI has triggered a major industry fallout as Google, its largest customer, plans to sever ties over concerns of competitive neutrality. The move jeopardizes Scale's business and creates a surge in demand for independent AI data providers.
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Meta is reportedly investing billions in Scale AI and bringing its CEO Alexandr Wang onboard to lead a new AI team. Is that enough?
And Meta just spent about $15 billion to buy a 49% stake in Scale AI. Meta confirmed the deal in a statement late Thursday: "Meta has finalized our strategic partnership and investment in Scale AI.
Backed by companies like Nvidia Corp. NVDA, Amazon.com Inc. AMZN, and Meta Platforms Inc. META, Scale AI is reportedly seeking ... sources who have seen the deal. The terms of the deal, where ...