Meta Bets $14.3B on AGI with Scale AI Deal
Meta invests $14.3B in Scale AI to accelerate AGI push, sending its stock soaring 40% amid growing investor confidence.
Summary:
Meta has invested $14.3 billion in Scale AI, marking a major move toward artificial general intelligence (AGI). The deal signals Meta's aggressive AI ambitions and has pushed its stock toward record highs.
Key Points:
- Meta acquires a 49% stake in Scale AI and integrates its leader into its AGI team.
- Capital spending forecast raised to $72 billion for 2025.
- Meta’s stock has surged over 40% since April, driven by investor confidence in its AI strategy.
Source Link:
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Ryan Vlastelica
