scale ai - Tech News from Simmons Systems

Tech News from Simmons Systems

scale ai

A collection of 21 posts

Meta Invests $15 Billion in Scale AI to Pursue Superintelligence

Meta plans to acquire a 49% stake in data annotation firm Scale AI for $15 billion, bringing on CEO Alexandr Wang to lead a new superintelligence unit. Meanwhile, the contract workers who actually train the AI systems see no financial benefit from the massive deal.

Scale AI Cuts 200 Workers and 500 Contractors After Meta Investment

Scale AI lays off 200 employees and 500 contractors just one month after receiving a massive $14 billion investment from Meta. The company states that it scaled up its generative AI operations too quickly over the past year.

Meta Forms Superintelligence Labs and Hires Alexandr Wang as AI Chief

Meta reorganizes its artificial intelligence division into a new Superintelligence Labs unit led by Scale AI founder Alexandr Wang. The bold restructuring aims to develop artificial general intelligence and counter recent competitive setbacks.

Meta Secures 49% Stake in Scale AI for $14 Billion

Meta invests $14 billion in Scale AI for a 49% stake, bringing CEO Alexandr Wang over to lead a new superintelligence research lab. The deal avoids full acquisition regulatory risks while securing critical data labeling infrastructure.

Meta's Massive Scale AI Investment Faces Internal Strain and Rival Vendor Competition

Friction surfaces in Meta's $14.3 billion partnership with Scale AI as a key executive departs and researchers turn to competing data-labeling vendors. Internal sources report concerns over data quality within the newly formed Meta Superintelligence Labs.

Meta Creates Superintelligence Labs to Catch Up in AI Race

Meta officially reorganizes its artificial intelligence division into four new groups under the newly formed Meta Superintelligence Labs. The restructuring aims to help the company better compete with rivals like OpenAI and Google DeepMind.

Scale AI Trims 14% of Staff Weeks After Massive Meta Investment

Scale AI cuts 200 full-time employees and hundreds of contractors as it looks to streamline operations following a major Meta investment and the departure of its founder.

Scale AI Cuts 14% of Workforce After Meta Acquisition Deal

Scale AI is laying off 200 employees and dropping 500 contractors as it shrinks its core data-labeling operations. The company now plans to focus on its enterprise and government sales divisions.

OpenAI Ends Partnership With Scale AI Following Massive Meta Investment

OpenAI phases out its data-labeling work with Scale AI as the startup aligns closely with rival Meta. The shift reflects OpenAI's need for more specialized data to build advanced reasoning models.

OpenAI Severs Ties With Scale AI Amid Growing Customer Exodus

OpenAI confirms it is dropping Scale AI as a data provider, a move that follows Meta's massive investment in the startup. The departure adds to growing concerns about Scale AI's neutrality and threatens its core data labeling business.

Google Plans to Sever Ties With Scale AI Amid Meta Investment

Google reportedly intends to end its $200 million relationship with Scale AI and is actively talking to competing data annotation firms. The move follows Meta's massive $14.3 billion investment in the startup, which also causes Microsoft and OpenAI to reconsider their partnerships.

Meta Invests $14.3 Billion in Scale AI, Acquires CEO Alexandr Wang

Meta secures a 49% stake in data-labeling firm Scale AI, which is now valued at $29 billion. Co-founder Alexandr Wang steps down as CEO to join Meta's superintelligence team.

Uber Launches Gig Worker Division to Label AI Training Data

Uber creates a new division called Scaled Solutions that hires gig workers to label data for artificial intelligence models. The company serves both its internal units and external clients like Aurora Innovation and Niantic.

Coatue Management Secures $1 Billion Fund for Artificial Intelligence Startups

Coatue Management raises $1 billion from institutional investors to specifically target artificial intelligence companies. The hedge fund shifts its strategy after significantly slowing its overall startup investment pace since 2021.

Amazon and Meta Back Scale AI in Massive $1 Billion Funding Round

Scale AI raises $1 billion in a Series F round led by Accel, with major tech giants Amazon and Meta joining as new investors. The funding doubles the data-labeling company's valuation to $13.8 billion as it expands its government and enterprise AI operations.