Meta Platforms Inc
Scale AI not ‘winding down’ following Meta deal, interim CEO tells employees and customers
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI’s Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course following Meta’s multibillion-dollar investment in the company last week. “Unlike some other […]
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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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Canva expands from design into analytics with acquisition of MagicBrief
From left, Cliff Obrecht, Canva’s co-founder and chief operating officer, and George Howes, co-founder and CEO of MagicBrief, pose for a photo at the Cannes Lions festival in Cannes, France, in June 2025. Canva Canva has grown into a $32 billion startup through its popular design tools used for easily creating images, marketing material and […]
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Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned. The […]
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OpenAI new recruiting head says company faces ‘unprecedented pressure to grow’
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images The pace of artificial intelligence innovation is raising the stakes for companies like OpenAI to snatch up top talent, according to new recruiting head Joaquin […]
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Stocks making the biggest moves midday: Meta Platforms, AMD, Cisco, Roku, MGM Resorts and more
Here are some of the stocks making the biggest moves in midday trading Monday. Meta Platforms – Shares of the social media giant jumped 2% after Meta said it would bring advertising to WhatsApp . The company will also start monetizing WhatsApp’s Channels feature through search ads and subscriptions. MGM Resorts – The casino operator’s […]
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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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Google, Scale AI’s largest customer, plans split after Meta deal, sources say
Alexandr Wang, CEO of Scale AI, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23rd, 2025. CNBC Alphabet’s Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources […]
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Israel-Iran attacks and the 2 other things that drove the stock market this week
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off […]
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