Meta Weighed Acquiring Perplexity Before Backing Scale AI Perplexity opted to remain independent, and no formal offer was made public After the talks with Perplexity concluded, Meta pivoted to invest in Scale AI, a company that provides data infrastructure and labeling services for AI development That investment totaled roughly $14 3 billion and gave Meta a 49% non-voting stake in the company
Meta Reportedly Considered Perplexity Acquisition Before $14 . . . However, according to the publication's timeline, the talks took place prior to Meta finalizing its investment of $14 3 billion in Scale AI for a 49% stake Meta’s stock was down over 1 2% in Friday afternoon trading However, retail sentiment on Stocktwits was in ‘bullish’ territory, up from ‘neutral’ a day ago
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 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
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 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