meta

After trying to buy Ilya Sutskever’s $32B AI startup, Meta looks to hire its CEO

Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever ultimately turned Meta down, according to CNBC, but the company is now in talks to hire Safe […]

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Instagram users complain of mass bans, pointing finger at AI

Instagram users have for weeks complained about a significant increase in accounts being mistakenly banned or suspended. Many suspect, without direct evidence, that the issues may have to do with the use of AI automation. Reached for comment, Meta has so far not offered an on-record statement. According to a growing number of social media

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New details emerge on Meta’s $14.3B deal for Scale

Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue

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