Meta (NASDAQ:META) is going all in on AI, with CEO Mark Zuckerberg pledging to spend hundreds of billions over the next few years. His vision? A personal superintelligence baked into everything from WhatsApp to Ray-Bans. But Meta’s flagship productthe standalone Meta AI app launched in Aprilisn’t quite delivering. While it boasts 1 billion monthly users
Scale AI, a San Francisco-based data-labelling and technology company, has implemented a significant reduction in its workforce following a multi-billion-dollar investment by Meta. The company confirmed the layoff of 200 employees, which accounts for 14% of its staff. Additionally, it plans to terminate contracts with 500 global contractors. This development comes in the wake of
OpenAI CEO Sam Altman arrives at the Sun Valley Lodge for the 2025 Allen & Co. Sun Valley Conference on July 8, 2025. Photo Kevin Dietsch/Getty Images The annual Allen & Company conference, often dubbed the “summer camp for billionaires,” is underway in the resort town of Sun Valley, Idaho. Over the next few days,
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta
Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence start-up Scale AI, according to people familiar with the matter. The financing could exceed US$10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are
(MENAFN– Crypto Breaking) Cardano (ADA ) in Focus: Assessing Its Potential as a Promising Cryptocurrency Cardano (ADA ) has been gaining attention in the cryptocurrency market recently, with many investors wondering if it has the potential to rise from its current status as a“zombie crypto.” In a video by Cointelegraph , the possible future of