Meta’s big AI bet and our not-so-hot-take on fintech IPOs
AI News - TechCrunch
Jun 13, 2025 15:47
Theresa Loconsolo, Anthony Ha, Kirsten Korosec, Maxwell Zeff
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Summary
Meta just made a $14.3 billion bet on data-labeling company Scale AI, but it’s not a traditional takeover: Meta’s taking a 49% stake in the company and adding Scale’s co-founder Alexandr Wang to its t...
Meta just made a $14.3 billion bet on data-labeling company Scale AI, but it’s not a traditional takeover: Meta’s taking a 49% stake in the company and adding Scale’s co-founder Alexandr Wang to its team. The move signals Meta’s growing urgency to keep up in the AI race, even if its strategy for competing with […]
