Meta, Scale AI
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Mark Zuckerberg is on a roll, and he’s not slowing down. Back in April, Meta Platforms (META) delivered a blockbuster Q1, with a $42.32 billion revenue haul, up 16%, driven by AI-powered ad growth. The momentum seems to be going strong throughout Q2,
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Meta is making an investment in artificial intelligence company Scale and recruiting Chief Executive Alexandr Wang to join a team developing “superintelligence” at the tech giant.
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
Meta Platforms Inc. Chief Executive Mark Zuckerberg’s effort to scale up the company’s artificial-intelligence ambitions took their latest step forward with an investment in ScaleAI and the poaching of the the data-labeling AI startup’s founder.
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The parent company of Facebook is investing $14.3 billion in Scale AI, which offers a platform and training data for developing AI models.