
Meta to invest $15 billion in Scale AI in a bid to achieve computerised ‘superintelligence'
This move marks one of Meta's largest external investments to date, as CEO Mark Zuckerberg assembles a 50‑member team to pioneer an advanced AI initiative dubbed 'superintelligence,' alongside Scale's founder and CEO, Alexandr Wang.
Scale AI, founded in 2016 by Alexandr Wang and Lucy Guo, is a San Francisco‑based leader in AI data labelling. In 2025, the company is projected to double its revenues, rising from roughly $870 million in 2024 to about $2 billion this year, with an anticipated valuation nearing $25 billion, Reuters reported.
Superintelligence is described as a type of AI that can perform better than humans at all tasks. Currently AI cannot reach the same level as humans in all tasks, a state known as artificial general intelligence (AGI).
Recent studies have shown that many mainstream systems collapse when presented with highly complex puzzles.
This initiative comes as Meta looks to rebound from recent setbacks, such as the underperformance of its LLaMA 4 models, delays in its flagship 'Behemoth' AI, and the fading momentum of the Metaverse, amid escalating competition from OpenAI, Google, Anthropic, and Microsoft
Meta's bold strategy has sparked renewed calls in Europe for transparent, publicly‑funded AI research programs, mirroring institutions like CERN to ensure accountability, fairness, and public trust in this rapidly accelerating technological race .
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Business Standard
18 minutes ago
- Business Standard
Meet India's 10 Fastest-Rising Companies to Watch in 2025
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Focused on entrepreneurs, CXOs, and startups, Entrepreneur Business Times positions itself as India's top digital business portal for new-age business voices. For more information visit here : 2. Infomint Solutions Powering Digital Growth with Strategy & Storytelling Led by visionary founder Deepak Chaudhary, Faridabad-based Infomint Solutions is redefining digital marketing with content that not only looks great but delivers real impact. Specializing in video production, social media management, and performance-driven marketing, the agency has produced over 5000+ high-quality videos for brands across industries. Their new Monthly Growth Pack offers businesses a powerful, budget-friendly content strategy for online scaling. With a deep understanding of Indian audiences and a client base spanning startups to real estate giants, Infomint is poised to shape the next era of brand storytelling. For more information visit here : 3 . Hillson Footwear Pvt. Ltd. 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Mint
18 minutes ago
- Mint
Starlink partners with UIDAI: To use Aadhaar for quick, KYC-compliant customer verification process — here's all we know
Billionaire Elon Musk's Starlink Satellite Communication has partnered with the Unique Identification Authority of India (UIDAI) to enable a 'quick and KYC-compliant' process for customers in India. In an official statement on August 20, the Ministry of Electronics & IT said that the satellite internet provider will use Aadhaar-based verification to onboard customers in India, promising a 'smooth, secure and very easy' process. The ministry release added that Aadhaar's face authentication solution is gaining faster momentum due to its ease of usage and convenience for Aadhaar number holders. Use of Aadhaar, one of the most trusted digital identity systems, will ensure that Starlink's customer onboarding is 'quick, paperless, and compliant with Know Your Customer (KYC) norms', as per the ministry statement. The partnership signifies synergy between India's trusted digital identity joining hands with global satellite technology, the statement added. Aadhaar e-KYC will facilitate the onboarding of users seamlessly, ensuring compliance with regulatory requirements while delivering high-speed internet to households, businesses, and institutions. Aadhaar authentication by users will happen on a voluntary basis as per the existing rules. The ministry in its statement added that the use of Aadhaar authentication by a global satellite internet provider 'demonstrates the scalability and reliability of India's digital infrastructure'. 'It highlights how Aadhaar can enable innovation in service delivery while ensuring transparency and accountability,' it added. The statement noted that the appointment of Starlink Satellite Communication as a Sub-Authentication User Agency and Sub-eKYC user agency was done in the presence of CEO UIDAI Sh Bhuvnesh Kumar; Deputy Director General UIDAI Sh Manish Bhardwaj and Parnil Urdhwareshe, Director, Starlink India. On August 1, Union Telecom Minister Jyotiraditya Scindia confirmed that the Elon Musk-led company has received approval to roll out satellite-based internet services in India. He added that Starlink has been granted a Unified Licence by the Department of Telecommunications (DoT). Starlink joins other players in the satcom space such as Bharti Group-backed Eutelsat OneWeb and Jio SES, both of which are also awaiting spectrum allocation to commence operations.


Time of India
18 minutes ago
- Time of India
Target Corporation shares plunge 11% after CEO Brian Cornell steps down. Michael Fiddelke to take charge from Feb 1, 2026
Tired of too many ads? Remove Ads Who is Michael Fiddelke? Tired of too many ads? Remove Ads Shares of Nasdaq listed Target Corporation plunged 11% in opening trade hitting a low of $94.15 after the company said that its board has unanimously elected Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as Chief Executive Officer and become a member of its Board of Directors. Both appointments are effective February 1, decision to step down comes as the Minneapolis-based chain grapples with weak sales, disorganized and understocked stores, and waning customer loyalty in the post-pandemic market, according to a will transition to the role of executive chair of the board of directors, the company filing to the exchange sell-off was accompanied with sharp volume where over 40 lakh shares changed has had a 20-year career at Target and has been responsible for building many of the company's core strengths. He held leadership roles across merchandising, finance, operations and human resources."As chief operating officer, and previously chief financial officer, he has overseen efforts that enabled exponential growth across the business, including investments to build and scale the company's stores, supply chain, digital capabilities and team. To further fuel areas of investment and innovation, Fiddelke spearheaded enterprise efforts to deliver more than $2 billion in efficiencies," the company filing Fiddelke established and began leading the company's Enterprise Acceleration Office to reshape how Target operates – removing complexity, expanding technology and enabling more flexibility so the team can move faster to improve performance and drive long-term growth."Over the last several years, the Board has been executing a deliberate and thoughtful CEO succession process, including an extensive external search and assessment of many strong candidates," said Christine Leahy, lead independent director of Target's Board of Directors."It is clear that Michael is the right leader to return Target to growth, refocus and accelerate the company's strategy, and reestablish Target's position as a leader in the highly dynamic and fast-moving retail environment. Michael's tenure gives him unmatched enterprise insight and a base of strong team trust. But what sets him apart is how he combines those strengths with a 'fresh eyes' mindset, challenging the status quo to evolve how the business operates, differentiates and delivers long-term value," he on his appointment, Fiddelke said, "I step into the role with an urgent commitment to drive growth and deliver better results. I am eager to refocus our strategy and build on the assets and capabilities that have made Target a beloved destination for incredible products and a one-of-a-kind shopping experience. And to be clear, we have work to do to reach our full potential. Now's the time to take full advantage of our strengths, embrace change with pace and purpose, and regain our momentum.".US markets were trading mixed, with Dow 30 trading at 45,003 around 9:57 AM ET (8 pm IST), up 80.75 points or 0.18% while S&P 500 was hovering at 6,402.25, down 9.12 points or 0.14%. Meanwhile the Nasdaq Composite was down 102.76 points or 0.48% at 21,212.20.