Meta invests $14. 3B in AI firm Scale and recruits its CEO for . . . 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 The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces
New details emerge on Meta’s $14. 3B deal for Scale Scale has dozens of backers, including Amazon and Meta, and was last valued at $14 billion after raising a $1 billion Series F a year ago So a dividend payout of this magnitude is almost like
Meta invests $14. 3B in AI firm Scale - BNN Bloomberg Meta announced what it called a “strategic partnership and investment” with Scale late Thursday Scale said the $14 3 billion investment puts its market value at over $29 billion Scale said it will remain an independent company but the agreement will “substantially expand Scale and Meta’s commercial relationship ”
Meta Invests $14. 3 Billion in Scale AI to Kick-Start . . . Meta said on Thursday that it planned to invest $14 3 billion in Scale AI, a start-up that works with data to train artificial intelligence systems, in a deal that Meta hopes will add needed