Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has agreed to invest $15 billion for a 49% stake in data-labeling startup Scale AI, according to multiple reports Tuesday. The move marks one of the tech giant's largest strategic bets to accelerate its artificial intelligence ambitions.
Meta plans to unveil a new AI research lab dedicated to “superintelligence” as the company works to compete in the AI race, according to several reports.
Among the almighty Magnificent Seven stocks, Meta Platforms NASDAQ: META is now the undisputed front-runner when it comes to performance so far in 2025. As of the June 9 close, Meta has provided a total return of just under 19%.
Meta is forming a new AI research lab dedicated to "superintelligence," according to a report from The New York Times. Alexandr Wang, the founder and CEO of the startup Scale AI, is reportedly joining the lab.
Mark Zuckerberg, frustrated with Meta Platforms Inc.'s shortfalls in AI, is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him in recent weeks at his homes in Lake Tahoe and Palo Alto. Bloomberg Intelligence's Matthew Bloxham has more.
The new lab, set to include Scale AI founder Alexandr Wang, is part of a reorganization of Meta's artificial intelligence efforts under chief executive Mark Zuckerberg.
Meta Platforms (META) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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.