Meta, Scale AI
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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.
Meta’s massive investment in Scale AI may be giving some of the startup’s biggest customers pause. Reuters reports that Google had planned to pay Scale AI $200 million this year but is now planning to cut ties with the startup and is having conversations with its competitors.
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.
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.
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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Mark Zuckerberg's biggest bet on Meta AI will ride on the back of a fellow dropout who has dazzled Silicon Valley over the last decade.
Google is reportedly ending its relationship with Scale AI due to Meta's acquisition of a significant stake, raising concerns about potential exposure