Studentย โขย 1m
meta made a bet for new era Metaโs $15โฏbillion investment in Scale AI isnโt just a financial betโitโs a strategic anchor in its bid to become a leading force in AI and eventual AGI development. By securing talent, tech, and scale through a nonโvoting stake, Meta sharpens its competitive edge without full acquisition. Amount ~$15โฏbillion (all cash) Equity stake 49%, nonโvoting Scale valuation ~$29โฏbillion Key executive CEO AlexandrโฏWang joins Metaโs AI effort Regulatory status No board representation; may prompt antitrust scrutiny ๐ก Why It Matters for Meta Accelerates AI goals: Data labeling is a bottleneck in training advanced models. This transaction gives Meta a stronghold in a critical AI supply chain. AGI race intensifies: It signals Meta's big bets to compete with rivals like OpenAI, Microsoft, and Google. Investor sentiment: The market responded positively, reinforcing confidence in Metaโs aggressive pivot to AI.
Never say dieย โขย 1m
Meta Platforms invests in Scale AI, valuing the startup at over $29 billion. Scale AI CEO joins Meta, working on AI projects, with Scale's strategy officer as interim CEO. Meta's investment in Scale AI is $14.3 billion, aiming for artificial general
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Medialย โขย 1m
๐ ๐ฒ๐๐ฎ ๐ท๐๐๐ ๐ฝ๐ฎ๐ถ๐ฑ $๐ญ๐ฐ.๐ด๐ ๐ณ๐ผ๐ฟ ๐ฐ๐ต% ๐ผ๐ณ ๐ฆ๐ฐ๐ฎ๐น๐ฒ ๐๐. But they didnโt fully buy it. They found a smarter way to take control โ without an actual acquisition. โขAlexandr Wang (28), the founder of Scale AI, will now lead Metaโs AI
See MoreAI agent developer |...ย โขย 1y
Open Ai will be dead soon. It is very shocking to see that one of the co-founders and chief scientists is leaving open ai At this stage where Google is releasing Astra and GPT4o from open ai competing with each other. In the tweet Ilya Sutskeve
See MorePassionate about Pos...ย โขย 25d
Never underestimate Zuckerberg... Heโs clearly in โCarthage must be destroyedโ mode again, the same mindset that crushed competitors in the social era. Now itโs AI, and Metaโs building serious muscle. Alexandr Wang will serve as Chief AI Officer,
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