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Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue…
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta…
Meta is the latest tech company to warm to geothermal energy, announcing on Thursday a deal with startup XGS Energy to develop a 150 megawatt geothermal power plant in New Mexico. XGS Energy has yet to say where it’ll be building the power plant, and Meta wouldn’t disclose specifics about the deal other than to…
It sounds like the start of a 21st-century horror film: Your browser history has been public all along, and you had no idea. That’s basically what it feels like right now on the new stand-alone Meta AI app, where swathes of people are publishing their ostensibly private conversations with the chatbot. When you ask the…
Meta has sued the maker of a popular AI “nudify” app, Crush AI, that reportedly ran thousands of ads across Meta’s platforms. In addition to the lawsuit, Meta says it’s taking new measures to crack down on other apps like Crush AI. In a lawsuit filed in Hong Kong, Meta alleged Joy Timeline HK, the…
Meta is reportedly investing nearly $15 billion in the data-labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang to help lead a new “superintelligence” lab within the company. The deal is reminiscent of Meta’s previous large and risky bets, such as its $19 billion acquisition…
Meta on Wednesday unveiled its new V-JEPA 2 AI model, a “world model” that is designed to help AI agents understand the world around them. V-JEPA 2 is an extension of the V-JEPA model that Meta released last year, which was trained on over one million hours of video. This training data is supposed to…
Meta CTO Andrew “Boz” Bosworth, who was one of the company’s first 15 engineers, published a memo earlier this year forecasting that 2025 could be the year of greatness for Reality Labs, the company’s augmented and virtual reality unit. Or, it would be the year when the metaverse goes down as a “legendary misadventure.” These…
Meta will use nuclear energy to power its data centers and AI models with a 20-year deal to secure 1.1 gigawatts of energy from an Illinois facility. Meta has inked a deal to keep an Illinois nuclear power plant running for the next 20 years so it can power its artificial intelligence and data center…
Demeo x Dungeons & Dragons: Battlemarked will launch for PlayStation 5, PlayStation VR2, PC and SteamVR, and Quest in late 2025, developer Resolution Games announced. “While the world of Demeo is rich with lore, our previous titles focus primarily on tactical action over motivation and narrative,” said Resolution Games founder and CEO Tommy Palm in…