Meta Platforms, Inc. (META)
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Meta is making a major move by investing $14.3 billion in Scale AI, acquiring a 49% stake and bringing its CEO, Alexandr Wang, on board to lead AI initiatives. This partnership aims to enhance Meta's AI capabilities as it faces stiff competition from industry leaders like Google and OpenAI. The deal highlights Meta's commitment to staying relevant in the rapidly evolving tech landscape.
Latest News
| Title | Published |
|---|---|
Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover | about 2 hours ago |
Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships | about 6 hours ago |
Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships (Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday, was Meta's second-largest investment to date. It gives the owner of Facebook a 49% nonvoting stake in Scale AI, which uses gig workers to manually label data and includes among its customers Meta competitors Microsoft and ChatGPT creator OpenAI. | about 6 hours ago |
We Stayed For The Rise And Left Before The Fall On Meta Stock We Stayed For The Rise And Left Before The Fall On Meta Stock | about 7 hours ago |
We Stayed For The Rise And Left Before The Fall On Meta Stock You don't have to get multiple 10-baggers to do well in the market. A lot of little gains can add up. | about 7 hours ago |
Meta (META) Doubles Down on AI with $29B Bet on Scale AI Meta (META) Doubles Down on AI with $29B Bet on Scale AI | about 8 hours ago |
Meta (META) Doubles Down on AI with $29B Bet on Scale AI Meta (META) Supercharges AI Push, Brings Scale AI CEO Onboard | about 8 hours ago |
Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover
Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover
Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships
Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships
Analysis-Meta's $14.8 billion Scale AI deal latest test of AI partnerships
(Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday, was Meta's second-largest investment to date. It gives the owner of Facebook a 49% nonvoting stake in Scale AI, which uses gig workers to manually label data and includes among its customers Meta competitors Microsoft and ChatGPT creator OpenAI.
We Stayed For The Rise And Left Before The Fall On Meta Stock
We Stayed For The Rise And Left Before The Fall On Meta Stock
We Stayed For The Rise And Left Before The Fall On Meta Stock
You don't have to get multiple 10-baggers to do well in the market. A lot of little gains can add up.
Meta (META) Doubles Down on AI with $29B Bet on Scale AI
Meta (META) Doubles Down on AI with $29B Bet on Scale AI
Meta (META) Doubles Down on AI with $29B Bet on Scale AI
Meta (META) Supercharges AI Push, Brings Scale AI CEO Onboard