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The acquisition adds a new platform to Meta’s portfolio that creates natural conversational agents for user interaction.
While its interim CEO cites demand changes, Scale AI has been reportedly losing customers since it buddied up with Meta.
However, according to the publication's timeline, the talks took place prior to Meta finalizing its investment of $14.3 billion in Scale AI for a 49% stake. Meta’s stock was down over 1.2% in ...
The company is laying off 200 employees, 14% of its workforce, and ending contracts with 500 global contractors.
Just weeks after news about Meta’s interest in voice-cloning artificial intelligence (AI) start-up PlayAI emerged, the ...
The layoffs affect the company's data-labelling division and are part of a strategy to streamline operations amid shifting ...
Meta has acquired Play AI, enhancing its voice technology capabilities. This move strengthens Meta's position in AI and ...
Scale AI lays off 200 staff amid restructuring, just weeks after Meta's $14.3B investment and CEO Alexandr Wang’s move to ...
Meta's acquisition of Scale AI for a reported US$14.3 billion marks a significant step in its push to strengthen artificial intelligence capabilities, joining the growing wave of US tech giants ...
The deal, announced on Thursday, was Meta's second-largest investment to date. It gives the owner of Facebook a 49% nonvoting stake in Scale AI, which uses gig workers to manually label data and ...
Meta Platforms Inc. META held acquisition discussions with artificial intelligence video startup Runway before completing its $14.3 billion investment in Scale AI. What Happened: The talks between ...
Meta has acquired Play AI, a startup specializing in AI-generated human-sounding voices. A Meta spokesperson confirmed the ...