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Meta CEO Mark Zuckerberg touts AI build-out, says company will spend hundreds of billions on data centers
Last month, the social media giant invested $14.3 billion in Scale AI ( SCAI.PVT) and brought on its CEO, Alexandr Wang, and hired former GitHub CEO Nat Friedman and Safe Superintelligence CEO Daniel Gross. The company also poached Apple's head of AI foundation models, Ruoming Pang, according to Bloomberg.
Meta just invested more than $14 billion into data labeling start-up Scale AI, acquiring a 49% equity stake in the process.
Meta's aggressive spending on AI and Reality Labs is unsustainable. Click here to see why META stock is a Sell.
The integration of Play AI into Meta is expected to strengthen the tech giant’s capabilities in voice technology, as well as ...
Meta CEO Mark Zuckerberg announced an ambitious plan to position the company as a leader in artificial intelligence by ...
Meta Platforms will spend hundreds of billions of dollars to build several massive AI data centres for "superintelligence".
Meta deepens its AI wearables push with a $3.51 billion stake in EssilorLuxottica, aiming to expand smart glasses production ...
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Scale AI asserts independence despite Meta’s $14.3B stakeAlexandr Wang, the 28-year-old co-founder and former CEO of Scale AI, has stepped down to lead a new superintelligence ...
Google infuses $2.4B into AI coding, appointing Windsurf CEO Varun Mohan to lead the initiative aiming to revolutionize ...
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