Meta to Acquire 49% Stake in AI Firm Scale AI for $15 Billion
Key Points: Meta invests in Scale AI, boosting growth and AI capabilities. Investment at $15 billion aimed at AI expansion. Valuation of Scale AI doubles to $28 billion post-deal. Meta Platforms will invest $14.8 billion to acquire a 49% stake in artificial intelligence startup Scale AI, according to The Information’s report on June 10. The … Read more