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Scale AI announced a 14% workforce layoff despite recently securing a billion-dollar deal to join Meta's empire.
Last month, the social media giant invested $14.3 billion in Scale AI ( SCAI.PVT) and brought on its CEO, Alexandr Wang, and hired former GitHub CEO Nat Friedman and Safe Superintelligence CEO Daniel Gross. The company also poached Apple's head of AI foundation models, Ruoming Pang, according to Bloomberg.
Meta’s core ad business remains dominant, and its AI and messaging ambitions are bold, but these bring higher expectations and new risks. Learn more on META stock here.
Meta’s AI spending spree continues. After reportedly offering tens (or in some cases, hundreds) of millions of dollars to lure away top researchers from competing artificial intelligence operations, CEO Mark Zuckerberg announced via Threads that the company plans to build several multi-gigawatt superclusters to ramp up its compute power.
5hon MSN
Scale AI, an artificial intelligence startup, is laying off 200 full-time employees, representing 14% of its global workforce, and ending contracts with 500 contractors. This decision follows Meta's $14.
Scale AI is laying off 14 percent of its full-time workforce just a month or so after Meta invested $14.8 billion in the AI data labeling company.
Meta will invest in "hundreds of billions of dollars" in artificial intelligence with the world's first supercluster online next year, CEO Mark Zuckerberg said Monday.
A San Francisco artificial intelligence startup that was recently invested in by Meta just laid off 14% of its staff, according to multiple reports. Scale AI, which received a $14.3 billion investment from the Facebook parent company last month,
Her work explores how new AI technology is infiltrating our lives, shaping the content we consume on social media and affecting the people behind the screens. She graduated from the University of North Carolina at Chapel Hill with a degree in media and journalism.