The Latest Breaking News from Scale AI

Tapped by Mark Zuckerberg to lead Meta’s most ambitious AI initiative yet, Scale AI founder Alexandr Wang now oversees a powerhouse team tasked with achieving superintelligence—and outpacing rivals like OpenAI and Google. No pressure.

Billions of pounds and shameless bonuses — the cut throat battle for artificial intelligence pros has gone berserk

Meta announced that it is creating a new team to focus research on artificial general intelligence, the ability for a model to think at the same level of reasoning as humans.

Meta Platforms Inc (NASDAQ:META) shares soared to a new all-time high Monday morning, driven by investor enthusiasm following CEO Mark Zuckerberg’s ambitious plans to restructure the company’s artificial intelligence division. The move signals a deep commitment to developing “superintelligence,” advanced AI systems capable of outperforming humans.

Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree.

Meta stock gained Thursday, adding to a recent rally. UBS hiked its price target on the social media giant.

Wall Street is taking notice of Meta's latest moves. June upgrades suggest shares could reach new all-time highs and may even surpass $800 for the first time.

At just 30 years old, Lucy Guo has surpassed Taylor Swift to become the world's youngest self-made female billionaire. Her net worth, estimated at around $1.3 billion, is largely due to her early stake in Scale AI.

The massive $14.3 billion deal between Meta and Scale AI has sparked optimism for Reddit’s future.