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Scale AI said it’s cutting 14% of its staff weeks after Meta invested $14.3 billion in the startup and hired a number of top ...
While its interim CEO cites demand changes, Scale AI has been reportedly losing customers since it buddied up with Meta.
AI data-labeling company Scale AI is laying off 200 employees, following a dramatic month with Meta. Scale AI is cutting 14 percent of its workforce, and will also end work with 500 global contractors ...
Scale AI has been valued at more than $29 billion after a significant investment from Meta Platforms that will see its founder, Alexandr Wang, join the social-media giant to work on its AI efforts.
In the latest development, Meta's doubled down on its AI strategy with a $14.3 billion investment into Scale AI in exchange for a 49% stake in the start-up.
Meta’s $14.3 billion investment in Scale AI, the leading player in the AI data industry, was a very strange deal indeed. Meta acquired 49% of the company in the deal announced last Thursday.
Meta said on Thursday that it planned to invest $14.3 billion in Scale AI, a start-up that works with data to train artificial intelligence systems, in a deal that Meta hopes will add needed ...
Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
Scale AI declined to comment and Meta did not immediately respond to Reuters request for comment outside regular business hours. Founded in 2016, Scale AI is a data labeling startup backed by tech ...
Meta's $15 billion investment in Scale AI and a new superintelligence lab are its attempts to jump past the efforts of Google, OpenAI, Anthropic, and others.
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