Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once ...

Scale AI, a private U.S. artificial intelligence company, laid off 14% of staff after tech giant Meta took a $14.3 billion stake and hired its CEO last month.

Jason Droege, the newly appointed CEO of Scale AI, emphasized that the data-labeling firm continues to operate independently from Meta Platforms Inc., despite the company’s recent acquisition of ...

Meta Platforms narrows its capital expenditure forecast as it intensifies its AI efforts. The company aims to revitalize its ...

While its interim CEO cites demand changes, Scale AI has been reportedly losing customers since it buddied up with Meta.

Mark Zuckerberg’s AI hiring spree is costing a lot of money. His investors don’t care. Meta’s stock price shot up over 10 ...

Meta now has a 49% stake in Scale after its multibillion-dollar investment, though the social media company will not have any voting power. Scale AI's founder Alexandr Wang, along with a small ...

Zuckerberg is picking off top talent from across the industry, and OpenAI might be more vulnerable than most.

Meta recently invested $14.3 billion into Scale AI and tried to buy another startup called Safe Superintelligence, as CNBC previously reported.

Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14.3 billion into Scale AI, CNBC confirmed on Friday.