After years of providing free services without any bells attached, WhatsApp is now going to start showing ads on the popular chat app. To be clear, users will only see ads on the Status screen — the app’s take on Instagram’s Stories. So just like you see an ad after watching a few stories on […]
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Meta’s big investment in Scale AI may be giving some of the startup’s customers pause. Reuters reports that Google had planned to pay Scale $200 million this year but is now having conversations with its competitors and planning to cut ties. Microsoft is also reportedly looking to pull back, and OpenAI supposedly made a similar
Google reportedly plans to cut ties with Scale AI Read More »
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
New details emerge on Meta’s $14.3B deal for Scale Read More »
Meta just made a $14.3 billion bet on data-labeling company Scale AI, but it’s not a traditional takeover: Meta’s taking a 49% stake in the company and adding Scale’s co-founder Alexandr Wang to its team. The move signals Meta’s growing urgency to keep up in the AI race, even if its strategy for competing with
Meta’s big AI bet and our not-so-hot-take on fintech IPOs Read More »
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta
Scale AI confirms ‘significant’ investment from Meta, says CEO Alexanr Wang is leaving Read More »
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta
Scale AI confirms ‘significant’ investment from Meta, says CEO Alexandr Wang is leaving Read More »
Meta is the latest tech company to warm to geothermal energy, announcing on Thursday a deal with startup XGS Energy to develop a 150 megawatt geothermal power plant in New Mexico. XGS Energy has yet to say where it’ll be building the power plant, and Meta wouldn’t disclose specifics about the deal other than to
Meta teams with XGS Energy to build a 150 MW geothermal power plant Read More »
Instagram announced on Thursday that it will finally allow users to rearrange their grid, and is testing a way for users to quietly post to their profile without having the content appear in users’ feeds. The social network is also launching the ability to stream songs from Spotify directly to your Instagram Notes, along with
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Meta has sued the maker of a popular AI “nudify” app, Crush AI, that reportedly ran thousands of ads across Meta’s platforms. In addition to the lawsuit, Meta says it’s taking new measures to crack down on other apps like Crush AI. In a lawsuit filed in Hong Kong, Meta alleged Joy Timeline HK, the
Meta sues AI ‘nudify’ app Crush AI for advertising on its platforms Read More »
Meta is reportedly investing nearly $15 billion dollars in the data labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang to help lead a new “superintelligence” lab within the company. The deal is reminiscent of Meta’s previous large and risky bets, such as its $19
Can Scale AI and Alexandr Wang reignite Meta’s AI efforts? Read More »
