NasdaqGS:METAInteractive Media and Services
Meta Platforms (NasdaqGS:META) Eyes US$14 Billion Investment In Scale AI For AI Revamp
Meta Platforms (NasdaqGS:META) recently entered into advanced talks to invest $14 billion into Scale AI, signaling a shift in its AI strategy amid competition in the tech sector. This move, alongside a strong Q1 earnings report, sets a backdrop for the company's 17% share price increase over the last quarter. In the same period, the S&P 500 and Nasdaq also rose, although at a modest pace, reflecting broader market optimism. Meta's AI investment discussions and successful earnings breakthrough...