News

Scale AI Lays Off Hundreds After $14.3B Meta Investment
While its interim CEO cites demand changes, Scale AI has been reportedly losing customers since it buddied up with Meta.
Scale AI cuts 200 employees on the heels of Meta investment
Scale AI is cutting 14 percent of its workforce, and will also end work with 500 global contractors, Bloomberg reported. This comes after Scale AI received $14.3 billion of investment from Meta and ...
DatacenterDynamics1d
Meta delivers blowout earnings, says it will ramp AI data center investment "significantly" in 2026
Meta said that it expected capex for the year to be between $66bn and $72bn, a slight tweak on a May forecast of $64-72bn.
Cantech Letter1d
Is Meta stock now too expensive?
Meta Platforms ( Meta Stock Quote, Chart, News, Analysts, Financials NASDAQ:META) shares rose 12% in after-hours trading on ...
Alexandr Wang is now leading Meta’s AI dream team. Will Mark Zuckerberg’s big bet pay off?
Tapped by Mark Zuckerberg to lead Meta’s most ambitious AI initiative yet, Scale AI founder Alexandr Wang now oversees a ...
Meta Q2 earnings recap: Stock surges 12% after hours on strong results as AI talent costs heat up
Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come ...
Daily Jang2d
Meta CEO shares AI 'personal superintelligence’ vision after investing billions
Meta has been splurging to boost its artificial intelligence capabilities for several months now, and CEO Mark Zuckerberg ...
Scale AI to Cut 14% of Staff Following Meta Investment
The AI data-labeling company is laying off 200 full-time employees and will stop working with 500 contractors.
Q2 Ad Surge Fuels Meta Platforms’ Ambitious AI ‘Superintelligence’
The Secret to Meta’s AI “Superintelligence” Vision Meta Platforms (NASDAQ:META) delivered a stellar second-quarter earnings ...
Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said ...
Tom's Hardware on MSN16d
Scale AI lays off 200 employees, one month after Meta's $14 billion investment — says it scaled up too quickly
Just one month on from Meta investing an alleged $15 billion in data annotation firm, Scale AI, and it's letting go of 200 of its employees, claiming that it scaled up its generative AI teams too ...