Meta discussed buying Perplexity before investing in Scale The talks took place before Meta finalised a US$14 3 billion investment in Scale AI that gives it a 49 per cent stake in the data-labelling startup Meta and Perplexity did not respond to requests for comment Founded in 2022, Perplexity has emerged as one of the most prominent startups using generative AI to rethink core Internet services
Meta Discussed Buying Perplexity Before Investing in Scale AI Meta Platforms Inc held discussions with artificial intelligence search startup Perplexity AI Inc about a possible takeover before moving ahead with a multibillion-dollar investment in Scale AI
Metas AI Ambitions: Failed Perplexity AI Acquisition Talks Precede . . . Perplexity AI walked away from potential Meta deal before Zuckerberg's Scale AI stake The two companies did not finalize a deal, and Perplexity ultimately walked away from the discussions, according to a source familiar with the matter who asked not to be named because of the confidential nature of the negotiations
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 Invests in Scale AI After Failed Perplexity Deal Before that, the company tried to acquire Perplexity AI, but the deal fell through According to sources, Meta and Perplexity parted ways amicably, without any major conflicts After the Perplexity deal failed, Meta turned its attention to Scale AI, eventually taking a 49% stake in the company