After reports that Meta Platforms (META) is planning to invest $10B in Scale A.I. for further expansion in the space, Tom White looks at the chart.
Meta Platforms, Inc. is the most ambitious big tech, leading innovation with smart glasses and AR, aiming to revolutionize daily life beyond smartphones. CEO Mark Zuckerberg's long-term vision and control enabled Meta to invest heavily in Reality Labs, giving it a significant first-mover advantage over rivals. Meta's core business remains highly profitable, with strong cash flows, effective advertising, and a growing user base, making it a solid investment regardless of AR success.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is in advanced discussions to invest several billion dollars into artificial intelligence firm Scale AI, in what could become one of the largest private funding deals on record. The final terms of what is reported to be a $10 billion investment round are not yet agreed, and both companies have declined to comment.
Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. Scale AI uses an army of contractors to label the data that tech firms such as Meta and OpenAI use to train and improve their AI models, and helps companies make custom AI applications.
Meta is reportedly weighing a multibillion-dollar investment in artificial intelligence (AI) startup Scale AI. [contact-form-7] The tech giant is in talks with Scale AI about an investment that could exceed $10 billion, Bloomberg News reported Sunday (June 8), citing sources familiar with the matter.
Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.
Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.
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Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.
I reaffirm my strong buy rating on Meta and I project the stock testing all-time highs in the next few months. I see high potential in the Reality Labs segment from the new deal with Anduril, the store expansion strategy, and the potential deal with Hollywood for exclusive content. The store expansion is key in the VR strategy. I believe this will give skeptics a chance to try the headsets and experience the full potential of the immersive technology.
Meta CTO Andrew “Boz” Bosworth, who was one of the company's first 15 engineers, published a memo earlier this year forecasting that 2025 could be the year of greatness for Reality Labs, the company's augmented and virtual reality unit. Or, it would be the year when the metaverse goes down as a “legendary misadventure.
META rides AI-driven ad gains and rising engagement, but overvaluation and monetization concerns linger for now.