Meta Platforms Inc
Meta approached Perplexity before massive Scale AI deal
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. The two companies did not finalize a deal, according to two people familiar with the matter who asked not to be named because of the confidential nature of the negotiations. One […]
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Meta, EssilorLuxottica unveil Oakley smart glasses
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta and EssilorLuxottica on Friday unveiled a new line of Oakley smart glasses that include the social media company’s […]
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CNBC Daily Open: Intensifying Israel-Iran conflict puts investors on shaky ground
A general view of the partially collapsed buildings damaged by some of the ballistic missiles launched by Iran on June 18, 2025, in Tel Aviv, Israel. Nir Keidar | Anadolu | Getty Images The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue […]
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CNBC Daily Open: Uncertainty around Israel-Iran conflict put investors on edge
A general view of the partially collapsed buildings damaged by some of the ballistic missiles launched by Iran on June 18, 2025 in Tel Aviv, Israel. Nir Keidar | Anadolu | Getty Images The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue […]
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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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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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