Meta explored acquisition of AI firm Runway
Meta (yep, Facebook and Insta's parent company) just bought nearly half of Scale AI for $14.3 billion, aiming to catch up with AI giants like OpenAI and Google.
As part of the deal, Scale's founder Alexandr Wang is jumping over to lead Meta's new "superintelligence" lab, but he'll still stick around on Scale's board.
Meta tried acquiring other startups like Runway, Perplexity AI
This isn't just about money—Meta tried buying other hot startups like Runway and Perplexity AI but got turned down. Now they're hiring top talent from Safe Superintelligence instead.
The move has already shaken up the industry: Scale is pulling back from working with old clients like OpenAI and Google, giving rival companies a chance to step in.
For anyone following tech power plays or curious about how fast AI is moving, this is one to watch.