Meta, Alexandr Wang and Scale AI
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By Jody Godoy (Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals,
Launched in April, the Meta AI platform offers a “discover” feed that includes user queries containing medical, legal, and other seemingly sensitive information.
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.
Some people are unwittingly posting their private and sometimes mortifying conversations with the Meta AI chatbot to the world.
Mark Zuckerberg has reorganized his company’s ambitions around a hypothetical future that is suddenly the talk of Silicon Valley.
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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.
Alexandr Wang cofounded Scale AI. He's about to become a very expensive hire at Meta.
Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.
Scale AI built its business on the labor of gig workers. But those workers likely won't benefit from their new deal with Meta.
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.
Meta AI users are hitting the Share button without realizing that it can post their private chats into the public Discover feed.