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When it comes to our physical selves, we do a

NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top

LUCKNOW: RBI governor Sanjay Malhotra on Monday said his experience

Oil prices slipped nearly $5, or 6%, on Monday after

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NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top direct tax officials to make the processes simpler, transparent, and taxpayer-friendly, while seeking to speed up cases of disputed tax

LUCKNOW: RBI governor Sanjay Malhotra on Monday said his experience at the United Nations taught him to challenge status quo, a lesson that helped him streamline government systems during his

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NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said little headway was made in the review of 15-year-old free trade agreement (FTA) with Asean, despite nine rounds of

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US stock markets inched up on Monday, showing little immediate reaction to the ongoing Middle East conflict, including fresh US-led airstrikes on Iran over the weekend.Wall Street traded in green

Meta approached AI startup Runway about a takeover bid

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Meta spoke with artificial intelligence startup Runway about a potential takeover ahead of its multibillion-dollar investment in Scale AI, CNBC confirmed on Monday.

Runway is best known for its AI video generation tools and earned a spot on CNBC’s Disruptor 50 list earlier this month.

The deal talks between Meta and Runway did not progress far and dissolved, according to a person familiar with the matter who asked not to be named due to the confidential nature of the discussions.

Bloomberg earlier reported the talks. Meta declined to comment.

Meta CEO Mark Zuckerberg has been aggressively pushing to bolster his company’s AI efforts in recent months. The social media giant invested $14.3 billion into Scale AI in June, and it has also approached the startups Safe Superintelligence and Perplexity AI about potential acquisitions this year.

Meta agreed to a 49% stake in Scale AI and hired away founder Alexandr Wang, along with a small number of other employees from the company.

And while Meta was unsuccessful in its efforts to buy Superintelligence outright, Daniel Gross, the company’s CEO, and former GitHub CEO Nat Friedman are joining Meta’s AI efforts, where they will work on products under Wang.

WATCH: Meta approached Perplexity before massive Scale AI deal

Meta approached Perplexity before massive Scale AI deal



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