Meta to pay nearly $15B for Scale AI stake: The Information
(Reuters) -Meta Platforms (META) has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.
Founded in 2016, Scale AI (SCAI.PVT) provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as OpenAI's ChatGPT.
The deal, which has not been finalized yet, appears to be beneficial for Scale AI's investors, including Accel, Index Ventures, Founders Fund and Greenoaks Capital, as well as its current and former employees, the report said.
Meta, Scale AI and the startup's investors did not immediately respond to Reuters' requests for comment.
As part of the deal, Scale AI CEO Alexandr Wang will take a top position inside Meta, leading a new "superintelligence" lab, according to the report.
Meta CEO Mark Zuckerberg has been actively recruiting top AI researchers to boost the company's AI efforts, the report said.
The company is fighting the perception that it may have fallen behind in the AI race after its initial set of Llama 4 large language models released in April fell short of performance expectations.
Meta delayed the release of its flagship "Behemoth" AI model due to concerns about its capabilities, the Wall Street Journal reported last month.
The company is also facing antitrust concerns related to its acquisitions of Instagram and WhatsApp.
According to The Information report, the structure for the potential deal with Scale AI could be designed to avoid more regulatory scrutiny.
Scale AI was valued at $13.8 billion in a funding round last spring. It generated about $870 million in revenue in 2024 and expects more than $2 billion this year, the report said.
The company counts AI firms OpenAI and Cohere as well as tech giants Microsoft, Meta and Cisco Systems among its customers, according to its website.
Connectez-vous pour accéder à votre portefeuille
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tom's Guide
26 minutes ago
- Tom's Guide
I let smart glasses read my emotions and watch what I eat — and now I can't unsee the future
I believe the next great fitness wearable will not be a smartwatch or smart ring — it will be glasses. I saw this for myself when trying a prototype of the new eyewear Emteq Labs is keen to launch next year. Sporting sensors all around the rims, it can detect the subtlest of changes in your facial expressions (even those you aren't consciously aware of doing). With this data, paired with AI, it can become a personalized life coach for your fitness, your diet and even your emotional health. I put this to the test in my time talking to Emteq CEO, Steen Strand, to see what they can truly bring to the table for the average user and what the future holds. At the core of Emteq's glasses are a series of nine sensors that can identify facial movements to a near-microscopic degree. They're dotted across the bottom of the lenses in these prototypes, which are paired with AI to deliver a personalized set of specs that can sense you. Of course, there are plenty of fascinating use-cases for these, such as using your face to interact with a computer, or adding more true-to-life emotion to your in-game character. But the one that jumped out at me is health — not just physical health but emotional health. Currently, health tracking via consumer tech is limited to your fitness routines — filling in Apple Watch rings and checking your sleep. These are all fair and good, but as I've learned in my journey of losing 20 pounds, good nutrition is just as important. And while there are apps like MyFitnessPal that can deliver effective nutritional information. None come quite as easy to use and complex with actionable detail as Emteq's prototype setup. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Using ChatGPT-4o, the on-board camera takes a snap of what you're eating and breaks it down into total calories and detailed macros. And on top of that, it will even give you a chewing score…yep, you read that correctly. Digestive issues and impacts on metabolic health can creep up if you chew too fast, so it's important to take your time. So those sensors on your glasses can track biting and chewing speeds to ensure you don't become too much of a food hoover. 'We can use AI to give you custom personalized guidance — some of that actually in real-time,' Steen added. 'We have high fidelity information about how you're eating and what you're eating, and are already using haptic feedback for in-the-moment notifications.' And with their ability to track activity too — tracking different exercises such as walking, running and even star jumps — this can all come together with the AI infusion to give you a far better understanding of your fitness levels. Then there's the emotion sensing piece of the puzzle. Up until this point, it's all been very surface level — prompts to fill in a journal, heart rate tracking to detect stress, or practice deep breathing exercises. All nice-to-haves but beyond the big issue that people could just lie to their phones, nothing has really gone deeper. We believe that understanding emotions is a force multiplier for AI, in terms of it being effective for you in the context of wearing glasses all day. If you want AI to be really effective for you, it's critical that it understands how you're feeling in real-time." Well, beyond accurately assessing eating behaviors throughout the day, other data points can be used to assess emotional context, such as mood detection and posture analysis. While I'm able to fake a smile, the upper section of my face and forehead gave me away in the moment. And then when you tap into the evergrowing popularity of people using ChatGPT for emotional support and therapy, you're surely going to get a more personalized, more frank conversation when data is added in there too. 'We believe that understanding emotions is a force multiplier for AI, in terms of it being effective for you in the context of wearing glasses all day,' Steen commented. 'If you want AI to be really effective for you, it's critical that it understands how you're feeling in real-time, in response to different things that are happening around you.' It sounds creepy on paper, and it kind of is when you think about it. But it's certainly a gateway into real emotional honesty that you may not get by rationalizing with yourself in a journal app and possibly glazing over any cracks in your mental health when filling out that survey for the day. Now this may all seem fascination (I think it is too), but I'm not ignorant of the key questions that come with strapping a bunch of sensors to your face: the questions of privacy surrounding a device grabbing so much data, or simply asking do we really want to be judged for our chewing. Privacy is always a question you can have of many different items that collect a lot of information like this. And to that latter question, that's asked with every big step forward like this. But the end result is something so much more advanced than a smart ring, and much more proactive. Here at Augmented World Expo (AWE), I found a breadcrumb trail of a lot of things that could lead to the smart glasses of the future that everyone will wear. Emteq is probably the biggest crumb of them all, because while AI is definitely the key to unlocking XR, personalizing it is the real challenge. Sensors and real-time data collection like this to help aid you into a better life is the clearest step towards tackling that challenge.
Business Upturn
an hour ago
- Business Upturn
OpenAI in talks with Saudi PIF, Reliance for $40 billion fundraise, eyes additional $17 billion in 2027: Report
By News Desk Published on June 12, 2025, 09:15 IST OpenAI is reportedly in discussions with major investors from Saudi Arabia and India, including the Saudi Public Investment Fund (PIF) and Reliance Industries, as part of its ambitious $40 billion fundraising plan, according to The Information . The report highlights that OpenAI has held conversations with both Middle Eastern and Indian financial heavyweights, signalling the company's intent to broaden its global investor base. The discussions are part of OpenAI's efforts to secure capital for its AI infrastructure and long-term growth strategy. In addition to the current fundraising round, OpenAI has informed potential investors that it aims to raise another $17 billion in 2027, further underlining the scale of its future expansion plans. OPENAI HAS DISCUSSED RAISING MONEY FROM SAUDI ARABIA, INDIAN INVESTORS – THE INFORMATION OPENAI HAS TALKED TO SAUDI'S PIF AND INDIA'S RELIANCE FOR ITS $40 BILLION FUNDRAISE- THE INFORMATION OPENAI HAS TOLD INVESTORS IT WANTS TO RAISE ANOTHER $17 BILLION IN 2027 – THE… — First Squawk (@FirstSquawk) June 11, 2025 Meanwhile, OpenAI's lead investor SoftBank has reportedly been buying employee shares, indicating continued confidence in the AI firm's valuation and growth trajectory. The reported talks with sovereign wealth funds and major corporate entities come as OpenAI continues to lead the global artificial intelligence race with innovations like ChatGPT and partnerships across the tech ecosystem. News desk at
Yahoo
2 hours ago
- Yahoo
Here is Why Constellation Energy (CEG) Fell This Week
The share price of Constellation Energy Corporation (NASDAQ:CEG) fell by 7.03% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A close up of a wind turbine producing electricity as the sun sets. Constellation Energy Corporation (NASDAQ:CEG), the largest producer of carbon-free energy in the US, with a special emphasis on nuclear power. Constellation Energy Corporation (NASDAQ:CEG) received significant investor attention last week after the company signed a 20-year power purchase agreement (PPA) with Meta, with the tech giant buying around 1.12 GW of nuclear energy from Constellation's Clinton Clean Energy Center in Illinois. The landmark deal helped create a strong bullish outlook for CEG, as several analysts also raised their respective price targets for the stock. In fact, the agreement provided a boost to the overall utility and nuclear energy sectors, as it can serve as a model for Big Tech to support existing nuclear power plants, while also planning to power their data centers with new energy sources. So the recent downturn in the share price of Constellation Energy Corporation (NASDAQ:CEG) could be due to investors booking their profits after an eventful week for the stock. While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
