Meta, chatbot and AI App
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Meta, Scale
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Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant.
Some people are unwittingly posting their private and sometimes mortifying conversations with the Meta AI chatbot to the world.
The remarkable 97% increase in Meta’s stock can be linked to three primary factors: a 26% growth in the company’s revenues, escalating from $135 billion to $170 billion in this timeframe; and a slight 1% decrease in total shares outstanding, bringing the total to 2.6 billion.
Mark Zuckerberg has reorganized his company’s ambitions around a hypothetical future that is suddenly the talk of Silicon Valley.
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Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.
Meta's new AI tool, Devmate, is powered by models from rivals including Anthropic's Claude. It reflects how the company uses competitor AI models.
Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,” leaving the startup that made him rich after dropping out of MIT. Alexandr Wang’s Scale AI just inked a $14.