News

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 ...
TipRanks on MSN5h
Meta Platforms (META) Bets $14.3 Billion on ‘Superintelligence’ to Secure AI Crown
Mark Zuckerberg is on a roll, and he’s not slowing down. Back in April, Meta Platforms ($META) delivered a blockbuster Q1, ...
Inside the privacy risks of Meta’s new AI app
Meta’s push into consumer-facing AI has triggered a wave of concern among privacy experts and regulators, as its new chatbot ...
Meta poaches 28-year-old Scale AI CEO after taking multibillion dollar stake in startup
Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising ...
EconoTimes3d
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 ...
New York Post6d
Meta paying nearly $15B for 49% stake in Scale AI as Zuckerberg ramps up AI efforts: report
Meta Platforms has agreed to take ... the structure for the potential deal with Scale AI could be designed to avoid more regulatory scrutiny. Scale AI was valued at $13.8 billion in a ...
GlobalData on MSN5d
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 ...