Meta to acquire 49% stake in Scale AI
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Senate Republicans plan to scale back cuts to federal food aid for the poor that their counterparts in the House used to help pay for Donald Trump’s massive tax and spending package, a key senator said Wednesday.
Meta agreed to pay $14.8 billion for a 49 percent stake in the AI data firm Scale AI, which will give the company access to talent and data services.
Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.
The investment by Meta for a 49 percent stake in Scale AI comes as the company is also developing what it calls “superintelligence.”
The social media giant is reportedly making a near-$15 billion bet on Scale, which specializes in RLHF-based data labeling and model evaluation services. Zuck is also pushing hard into the development of superintelligent systems that can outsmart humans.
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Insider sources told The Information that Meta is making a bold move to reshape its artificial intelligence ambitions by investing $14.8 billion for a 49 percent
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• Stay lean as long as you can. Every new legal entity adds complexity and cost. Don’t expand your structure until the demand clearly justifies it. • Fail early and fail forward. If you can figure out how to scale in a market as complex as Europe, you'll be equipped to scale anywhere.