Meta finalizes investment in Scale AI, valuing startup at $29 billion
Scale CEO and co-founder Alexandr Wang will join a new 'superintelligence' unit inside Meta to achieve artificial general intelligence (AGI), a term that refers to machines that can match or surpass human capabilities.
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Economic Times
30 minutes ago
- Economic Times
Big Tech's acqui-hire strategy heats up as demand for AI talent soars
Live Events Meta's $15 billion investment in Scale AI for a 49% stake is the latest in a series of transactions that large technology companies have made to acquire talent as they seek to get ahead in the AI acquihiring is not just a trend, but a strategic necessity for these companies and is likely to see more traction, as the demand for AI talents will continue to increase, say the last two years, large technology players have been acquiring AI startups for their technology teams. Microsoft paid $650 million in a licensing deal to Inflection AI, whose cofounder Mustafa Suleyman is now heading Microsoft AI. In a similar licensing deal, Amazon hired AI startup Adept cofounder David Luan and others who joined Amazon's AGI the home front in India, well-funded AI startups Krutrim and Sarvam acquired semiconductor startup Bodhi Computing and legal platform Samta Law, respectively, to enter new are a couple of reasons for this. 'We're at an inflection point where foundational AI talent is in such short supply and high demand that companies are willing to buy entire teams to accelerate their AI roadmap,' said Sachin Arora, partner and leader – data & analytics, agents and cloud at PwC Meta for instance. Following the $15 billion investment, Scale AI founder Alexandr Wang will report to Meta CEO Mark Zuckerberg and will lead the social media giant's new AI lab focused on pointed out that unlike in the software-as-a-service sector, where acquihires were often about engineering execution, in AI, it's about vision, research and IP. "You're acquiring not just builders but boundary-pushers, people who define what's next,' he a few years ago, when acquisitions were a norm, regulatory scrutiny has increased in recent times. EY India technology consulting partner Hari Balaji said established tech giants are seeing escalating regulatory scrutiny prompting them to grow through reverse acquihires without triggering anti-trust addition to this, acquihires are also an avenue for companies to enter highly competitive sectors and acquire new customers.A lot of this is stemming from a small pool of talent that is currently available in AI.A Bengaluru-based investor earlier told ET on the condition of anonymity that beyond accelerating the AI journey, increasing the market share and acquiring new capabilities are the other reasons for M&As and acquihires. 'In our portfolio, some of the startups are evaluating companies that bring key AI capabilities for one of the three reasons mentioned,' he had these are early days in India. 'What we are seeing are small deals or acquihires and not large deals that would attract large enterprises yet, which are a huge value add,' Kae Capital general partner Gaurav Chaturvedi earlier told ET. 'Those are beginning to happen in the US. These will take time to pan out in India.'
Time of India
6 hours ago
- Time of India
Meta AI may have a ‘personal problem' and a very serious one, and it's a warning for users
Representative image The Meta AI app may have a "personal chat problem" that has the potential to escalate into a major privacy issue. Users of the AI assistant developed by Facebook's parent company have complained that its "Discover" feed is reportedly displaying user prompts publicly without them being aware of the same. This feature was introduced with the transition from the Meta View app to the Meta AI app in April. It allows others to see the types of prompts people are submitting to Meta's AI chatbot. However, a concerned user named Justine Moore took to the social media platform X (earlier Twitter) to note observing prompts in the public feed that suggest users may not know that their queries are being openly displayed. This raises significant privacy implications for users interacting with the Meta AI service. How Meta AI is leaking personal chats of users In the X post, Moore shared screenshots of personal chats that Meta AI is showing other users and wrote: 'Wild things are happening on Meta's AI app. The feed is almost entirely boomers who seem to have no idea their conversations with the chatbot are posted publicly. They get pretty personal (see second pic, which I anonymized).' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free Solitaire. No Ads Ever. Play Solitaire Download Undo Later on, in the same thread shared transcribes of some chats, Moore further wrote: 'To clarify - conversations aren't public by default. You have to hit a 'share' button, but many users seem to think it's posting to a private journal. Resulting in things like this…a man trying to write a romantic poem for his gf. You can hear a 6 min audio clip, here's a transcribed excerpt:' 'Obsessed with this man who tries to use the app to find a woman with a 'big b**ty and nice r**k.' When it won't post on his behalf in local FB groups, he asks the bot to 'delete my number.' Instead, he (accidentally?) shares it publicly - I redacted,' Moore further added. As Moore suggests, users have been unintentionally exposing sensitive information on Meta AI. Users are advised to refrain from sharing prompts containing private medical and tax details, addresses, and intimate confessions (ranging from relationship doubts to personal dating inquiries) with the app as they seem to be appearing publicly. India's New AC Rule: Cooling Between 20°C–28°C Explained
New Indian Express
6 hours ago
- New Indian Express
Meta Unveils V-JEPA 2: A smarter AI that understands the physical world
Meta has launched V-JEPA 2, an advanced AI model trained on video, designed to help robots and AI systems better understand and predict how the physical world works. This model represents a big step toward Meta's long-term goal of developing Advanced Machine Intelligence (AMI)—AI that can think before it acts. Humans naturally understand how the world responds to actions—for example, knowing a ball will fall after being tossed, or avoiding people while walking through a crowd. This is because we build mental models of how things move and interact. V-JEPA 2 aims to give AI agents a similar understanding of their surroundings, helping them to observe, reason, and make better decisions before taking action. These types of AI systems are built using world models, which allow machines to understand, predict, and plan—just like humans do when navigating everyday situations. Smarter robots through video training V-JEPA 2 builds on Meta's earlier version of the model released last year, called V-JEPA. This new version offers major improvements in helping machines predict how objects move, how they interact with other objects, and how people handle them in the real world.
