Mark Zuckerberg
Meta tried to buy Ilya Sutskever’s $32 billion AI startup, but is now planning to hire its CEO
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment in the artificial intelligence startup, he was apparently just getting started. Zuckerberg’s multibillion-dollar AI hiring spree has now turned to Daniel Gross, the CEO of Ilya Sutskever’s startup Safe Superintelligence, and former GitHub CEO Nat […]
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OpenAI is winding down its work with Scale AI, whose founder is joining Meta
Open AI CEO Sam Altman speaks at the annual Snowflake Summit in San Francisco, California on June 02, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI is winding down its work with Scale AI, the artificial intelligence startup that received a multibillion-dollar investment from Meta earlier this month and saw its founder […]
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Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images Meta Platforms tried to poach OpenAI employees by offering signing bonuses as high as $100 million, with even larger annual compensation packages, OpenAI chief executive Sam Altman said. While Meta […]
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Meta is finally bringing ads to WhatsApp
It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising. Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via […]
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Scale AI’s Alexandr Wang confirms departure for Meta as part of $14.3 billion deal
Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Scale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large […]
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Scale AI plans to promote strategy chief Droege to CEO as founder Wang heads for Meta
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC […]
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CNBC Daily Open: Headwinds don’t seem to bother the U.S. stock market
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025. Kenny Holston | Via Reuters Mark Zuckerberg is so frustrated with Meta’s standing in artificial intelligence that he’s willing to […]
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AI research takes a backseat to profits as Silicon Valley prioritizes products over safety, experts say
Sam Altman, co-founder and CEO of OpenAI and co-founder of Tools for Humanity, participates remotely in a discussion on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., April 24, 2025. Brendan Smialowski | AFP | Getty Images Not long ago, Silicon Valley was where the world’s leading artificial intelligence experts went to […]
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Dow rallies 200 points to kick off May as Microsoft, Meta rekindle AI trade: Live updates
Traders work on the floor of the New York Stock Exchange on May 1, 2025. NYSE Stocks rose on Thursday after strong quarterly results from two Big Tech players eased concerns that artificial intelligence progress would slow amid economic turmoil. The Dow Jones Industrial Average climbed 210 points, or 0.5%. The S&P 500 traded up […]
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