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.

Scale AI cuts 700 jobs amid restructuring, just weeks after Meta’s investment and data leak concerns shake client confidence.

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 said that it expected capex for the year to be between $66bn and $72bn, a slight tweak on a May forecast of $64-72bn.

Meta Platforms (META) aggressively expands its AI capabilities with acquisitions, high-profile hires, and a $29B funding push ...

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

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

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 ...

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.