Meta last month invested $14.3 billion in data labeling startup Scale AI. Scale founder and then-CEO Alexandr Wang joined the ...

What makes Meta (META) stand out, according to Allen Bond, a portfolio manager at Jensen Investment Management, is that the company isn't just spending more on AI infrastructure and data-center ...

Meta investors will be scrutinizing CEO Mark Zuckerberg’s AI hiring blitz during the company’s second-quarter earnings on ...

On Friday, Intel shares tumbled 8.5% as remarks from CEO Lip‑Bu Tan prompted concerns that he’s emphasizing expense ...

Tapped by Mark Zuckerberg to lead Meta’s most ambitious AI initiative yet, Scale AI founder Alexandr Wang now oversees a ...

The company has already made cost-cutting strides this month, axing about 9,000 employees in its latest round of layoffs.

Multimodal large language model research startup Reka AI Inc. today announced it has raised $110 million in fresh funding ...

While its interim CEO cites demand changes, Scale AI has been reportedly losing customers since it buddied up with Meta.

Scale AI is cutting 14% of its staff just weeks after receiving a $14.3 billion investment from Meta, according to Benzinga.

Scale AI lays off 200 staff amid restructuring, just weeks after Meta's $14.3B investment and CEO Alexandr Wang’s move to ...

AI data-labeling company Scale AI is laying off 200 employees, following a dramatic month with Meta. Scale AI is cutting 14 percent of its workforce, and will also end work with 500 global contractors ...

Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a ...