Meta simply made a $14.3 billion guess on data-labeling firm Scale AI, however it’s not a conventional takeover: Meta’s taking a 49% stake within the firm and including Scale’s co-founder Alexandr Wang to its staff.
The transfer alerts Meta’s rising urgency to maintain up within the AI race, even when its technique for competing with heavyweights like OpenAI and Google remains to be slightly complicated.
As we speak, on iinfoai’s Fairness podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha break down the deal, dig up an interview from Kirsten’s archives that includes Wang’s early predictions for AI, and ask whether or not Meta’s actually shopping for a game-changer or simply including a well-connected dealmaker to its roster at a time when its personal AI ambitions are falling additional and additional behind.
Take heed to the total episode to listen to extra highlights from the week, together with:
- How Chime’s IPO priced above expectations at $27 per share and jumped in early buying and selling, and Anthony’s not-so-hot takes on what this alerts for the tech IPO market
- Why Y Combinator’s Demo Day was full of “agentic” AI startups constructing autonomous software program, and the way a current chat with Fiverr’s CEO sheds mild on AI-driven process automation within the gig financial system
- How Jony Ive’s LoveFrom spent 18 months quietly collaborating with Rivian on their first electrical bike, a spinout product confirmed to have a bike-like kind issue
Fairness might be again subsequent week, so keep tuned!
Fairness is iinfoai’s flagship podcast, produced by Theresa Loconsolo, and posts each Wednesday and Friday.
Subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts. You can also comply with Fairness on X and Threads, at @EquityPod.
