Scale AI

Scale AI, a San Francisco startup, recently celebrated a $14.3 billion investment from Meta Platforms, Inc. (NASDAQ:META). Shortly afterward, it laid off 14% of its total staff. The Details: The artificial intelligence company confirmed Wednesday that it is reducing its workforce by 200 full-time...

Alexandr Wang may not be a name familiar to all investors yet, but he is one of the most recognizable names in the artificial intelligence space, thanks to his co-founding of Scale AI and his previous role as CEO. As Wang steps down from the company and shifts to Meta Platforms (NASDAQ:META), he...

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg has made a decisive move to reshape the company's entire AI strategy by consolidating all artificial intelligence efforts under a newly formed division called Meta Superintelligence Labs.  The restructuring aims to drive Meta toward its...

Susan Li, the chief financial officer at Meta Platforms Inc. (NASDAQ:META), recounted a pivotal moment in late 2022 that reshaped how the company communicates with investors. What Happened: Speaking on the Cheeky Pint podcast last week, Li, who’s been CFO of the social networking giant for...

1. She's the Youngest Self-Made Female Billionaire in the World 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. Guo’s wealth...

Scale AI’s billionaire co-founder Lucy Guo says anyone pining for work-life balance is likely "not in the right work," arguing 90-hour weeks are the new baseline for startup success. What Happened: The 30-year-old co-founder and Passes CEO told Fortune she rises at 5:30 a.m., completes two to...

After a failed attempt to acquire Safe Superintelligence (SSI), an AI startup co-founded by OpenAI's former chief scientist, Meta Platform Inc. (NASDAQ:META) is intensifying its pursuit of artificial intelligence through an aggressive recruitment strategy aimed at attracting top talent. What...

Alexandr Wang, the 28-year-old Scale AI founder now heading to Meta Platforms’ (NASDAQ:META) new "super-intelligence" lab says artificial-intelligence models already possess insights that science cannot match and that makes it “a strange time to be a scientist, but an exciting time for...

Scale AI founder Alexandr Wang says he will hold off on parenthood until children can be born into a world where brain-computer interfaces such as Elon Musk's Neuralink are routine. What Happened: "When we get Neuralink and we get these other technologies, kids who are born with them are gonna...

Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google is planning to end its business relationship with Scale AI after its rival, Mark Zuckerberg‘s Meta Platforms Inc. (NASDAQ:META), acquired a 49% stake in the AI data-labeling startup. What Happened: Google, the most significant...

Meta Platforms, Inc. (NASDAQ:META) has made a strategic minority investment in Scale AI, valuing the company at over $29 billion, as part of a broader partnership to accelerate AI development. What Happened: On Thursday, Scale AI confirmed the development. The deal includes a major leadership...

Michael Kratsios, a former deputy to venture capitalist Peter Thiel and one of Silicon Valley's most influential tech policy figures, has taken charge of the U.S. government's AI strategy amid escalating competition with China's tech giants. What Happened: Kratsios was confirmed by the Senate to...

Backed by companies like Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN), and Meta Platforms Inc. (NASDAQ:META), Scale AI is reportedly seeking a valuation of up to $25 billion in a new tender offer. What Happened: Scale AI is in talks to launch a tender offer that could value the company...

The U.S. Department of Labor has reportedly launched a probe into Scale AI, a startup backed by Nvidia (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), and Meta Platforms Inc. (NASDAQ:META), to assess its compliance with the Fair Labor Standards Act. What Happened: The investigation into Scale AI’s...

Microsoft co-founder Bill Gates couldn't name many young tech founders leading groundbreaking companies from this era, with only one exception — Alexandr Wang. What Happened: During a conversation with Stripe CEO Patrick Collison at the Computer History Museum, Gates was asked to name any founders...