Meta Acquires Scale AI

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Meta, ai and Scale

Scale AI CEO Alexandr Wang heads to Meta as part of $14 billion deal

Alexandr Wang, co-founder and CEO of Scale AI, told employees Thursday he is stepping down to join Meta Platforms, confirming his exit just days after Meta acquired a 49% stake in the company through a $14.

TechCrunch on MSN · 4d

New details emerge on Meta’s $14.3B deal for Scale

Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.

AOL · 2d

How Meta’s $14 Billion Deal Upended the AI Data Industry

Meta's $14 billion investment in Scale AI set off a flurry of dealmaking in the AI data industry, as Meta's rivals cut ties with Scale for other data companies

Microsoft Wants a Larger Stake in OpenAI

YourStory · 8d

Meta in talks to acquire 49% stake in Scale AI for $14.8B: Report

The deal will value Scale AI at $28 billion, including Meta's fresh investment, doubling its valuation from $13.8 billion just last year.

Reuters on MSN · 58m

Microsoft prepared to abandon high-stakes talks with OpenAI, FT reports

Microsoft is prepared to abandon its high-stakes negotiations with OpenAI over the future of its alliance, the Financial Times reported on Wednesday. The tech giant has considered pausing discussions with the ChatGPT maker if the two sides remain unable to agree on critical issues such as the size of Microsoft's future stake in OpenAI,

The Financial Times · 3h

Microsoft prepared to walk away from high-stakes OpenAI talks

Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a for-profit company. The software giant has considered halting complex discussions with the $300bn AI start-up if the two sides remain unable to agree on critical issues,

Altman says Meta trying to recruit OpenAI workers

ProPakistani · 10h

Meta Failed to Acquire OpenAI Talent, Even With $100 Million Offers: Sam Altman

Meta CEO Mark Zuckerberg is aggressively recruiting AI researchers for his superintelligence team — reportedly offering compensation packages exceeding

Reuters · 5h

AI Weekly: Altman says Meta trying to recruit OpenAI workers

From how Amazon's CEO says artificial intelligence will reshape the e-commerce giant's workforce to claims Meta is offering big bonuses to recruit top talent, we round up the week's big stories from the AI revolution.

Fortune on MSN · 11h

Meta’s $100 million signing bonuses for OpenAI staff are just the latest sign of extreme AI talent war

Big Tech is shelling out jaw-dropping compensation amid a fierce AI talent war. Meta is even offering $100m signing bonuses to woo top OpenAI researchers, according to CEO Sam Altman. But as top AI companies scramble to retain staff with massive bonuses and noncompete deals,

Verdict on MSN7d

Meta to acquire 49% stake in Scale AI for $15bn

Meta Platforms has reportedly agreed to purchase a 49% stake in Scale AI, a US-based AI startup, for $14.8bn. The deal was ...

Meta is paying $14 billion to catch up in the AI race

Meta is paying $14.3 billion to buy 49-percent of Scale AI and hire its CEO, Alexandr Wang, to reboot its troubled AI efforts ...

The Information38m

Meta in Talks to Hire AI Investors Friedman and Gross, Partially Buy Out Their Venture Fund

Meta Platforms is in advanced talks to hire the prominent artificial intelligence investors Nat Friedman and Daniel Gross to ...

Meta officially ‘acqui-hires’ Scale AI — will it draw regulator scrutiny?

The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ...

Meta is creating a new AI lab to pursue ‘superintelligence’

Staying in the AI race is crucial for Meta, Google, Amazon and Microsoft, with the technology likely to be the future for the ...

5don MSN

Meta poaches 28-year-old Scale AI CEO after taking multibillion dollar stake in startup

Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising ...

GlobalData on MSN2d

Google to terminate Scale AI partnership

Alphabet’s Google plans to end its relationship with Scale AI, an AI data-annotation startup, after Meta acquired a 49% stake ...

After Meta entry: Google apparently withdraws from Scale AI as a customer

This week, the Meta Group acquired a 49% stake in Scale AI. This has apparently also had an impact on the rest of the Scale ...

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