Scale AI lays off 14% of staff, largely in data-labeling business | TechCrunch
Scale AI is cutting 14% of the company just weeks after Meta invested $14.3 billion in the startup and hired away its CEO.
Software Development in Sri Lanka
Scale AI is cutting 14% of the company just weeks after Meta invested $14.3 billion in the startup and hired away its CEO.
Software Development in Sri Lanka
Scale AI is cutting 14% of the company just weeks after Meta invested $14.3 billion in the startup and hired away its CEO.
Software Development in Sri Lanka
Meta has reportedly invested billions of dollars into AI startup Scale AI and hired its CEO, Alexandr Wang, to lead a new AI research lab. So what does that mean for Meta and the rest of the AI ecosystem?
Software Development in Sri Lanka
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.
Software Development in Sri Lanka
Meta’s massive investment in Scale AI may be giving some of the startup’s biggest customers pause. Reuters reports that Google had planned to pay Scale AI $200 million this year but is now planning to cut ties with the startup and is having conversations with its competitors.
Software Development in Sri Lanka
Data-labeling firm Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion.
Software Development in Sri Lanka
Mark Zuckerberg is hand-picking top researchers and engineers to join an upcoming AI research lab dedicated to “superintelligence,” and Scale AI’s Alexandr Wang is on the list.
Software Development in Sri Lanka
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