Meta Discussed Buying Perplexity Before Investing in Scale The talks took place before Meta finalized a $14 3 billion investment in Scale AI that gives it a 49% stake in the data-labeling startup Meta and Perplexity didn’t respond to requests for comment
Meta approached Perplexity before massive Scale AI deal Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14 3 billion into Scale AI, CNBC confirmed on Friday The two companies
Meta Tried to Acquire Perplexity Before $14. 3 billion Scale . . . Meta’s recent $14 3 billion investment in scale AI shows this strategy very clearly The investment gives Meta a 49% stake in the company and brings scale founder, Alexander Wang, and a few of his colleagues into Meta’s AI division Multiple Firms were Targeted by Meta AI Perplexity was not Meta’s only target this year
Meta Mulled Buying Perplexity Before Investing in Scale AI Following the Perplexity detour, Meta decisively turned to Scale AI, a data-labeling leader with which it struck a $14 8–14 3 billion deal for a 49% stake The agreement, valued at roughly $29 billion post-deal, brings Scale’s cofounder and CEO Alexandr Wang into Meta’s “superintelligence” research initiative
Meta Considered Perplexity Acquisition Before Backing Scale AI Meta Platforms Inc (META) engaged in unsuccessful acquisition talks with Perplexity AI Inc , valued at $14 billion, before investing $14 3 billion for a 49% stake in Scale AI CEO Mark Zuckerberg
Meta considers Perplexity AI acquisition before Scale AI . . . The discussions occurred before Meta finalized its $14 3 billion investment for a 49% stake in data-labeling company Scale AI earlier this month This article was generated with the support of AI