Thursday, July 31, 2025

Creating liberating content

Thiago Prudêncio | Sopa Images | Lightrocket | Getty Images

Figma co-founder and CEO Dylan Field said Thursday that artificial

Related News

Thiago Prudêncio | Sopa Images | Lightrocket | Getty Images Roblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming

Microsoft shares soared as much as 8% in early trade on Thursday, briefly touching a fresh 52-week high, after the company reported strong quarterly results and highlighted deepening investments in

Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn’t pose a serious threat to the future of the design software company, which is on the verge of

President Donald Trump lashed out at Federal Reserve Chairman Jerome Powell on Thursday, accusing him of being “too stupid” and “too political” for the job after the central bank opted

Access Denied You don’t have permission to access ” on this server. Reference #18.1ffdd417.1753960103.ee8acc9 Source link

The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana

Trending News

Microsoft shares soared as much as 8% in early trade on Thursday, briefly touching a fresh 52-week high, after the company reported strong quarterly results and highlighted deepening investments in

The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana

The United States has imposed a substantial 50 per cent tariff on semi-finished copper and copper-based imports from August 1, with reportedly limited consequences for India’s American exports in this

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial

Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from

MUMBAI: Mukesh Ambani’s promoter group firms will invest Rs 15,825 crore in Jio Financial Services through a preferential allotment of up to 50 crore warrants, each priced at Rs 316.5.

Scale AI not ‘winding down’ following Meta deal, interim CEO says

Word Count: 410 | Estimated Reading Time: 3 minutes


FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019.

Mike Blake | Reuters

Scale AI’s Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course following Meta’s multibillion-dollar investment in the company last week.

“Unlike some other recent tech deals you might have heard about in the AI space, this is not a pivot or a winding down,” Droege wrote in a post directed at customers, employees and investors.

Meta has a 49% stake in Scale after its $14.3 billion investment, though the social media company will not have any voting power. Scale AI’s founder Alexandr Wang, along with a small number of other Scale employees, will join Meta as part of the agreement.

“Scale remains, unequivocally, an independent company,” Droege wrote. “This deal rewards many of the people who helped build Scale into what it is today, but more importantly to me, it’s also a validation of the course we’re on.”

Scale AI appointed Droege, the company’s chief strategy officer, to serve as its interim chief executive following the deal. Droege wrote that Scale AI is still “a well-resourced company” that has “multiple promising lines of business.”

Founded in 2016, Scale AI rose to prominence by helping major tech companies like OpenAI, Google and Microsoft prepare data they use to train cutting-edge AI models. Meta has been one of Scale AI’s biggest customers.

Droege said the company is “not slowing down” and remains committed to its data and application business units. Scale will also continue to be model agnostic, he added.

“The need for high-quality data for AI models remains significant, and with the largest network of experts training AI, we are set up well to help model builders keep pushing the frontier of what’s possible,” Droege wrote.

But some of Scale AI’s tech customers may be having doubts.

OpenAI confirmed to CNBC on Wednesday that it has been wrapping up its work with Scale AI over the past six to 12 months. The company said it’s looking to work with other data providers that have kept pace with innovation, and that its decision to wind down its work with Scale wasn’t influenced by the Meta partnership.

Google is also reportedly cutting ties with Scale following the company’s deal with Meta, according to a report from Reuters. Google declined to comment.

WATCH: Scale AI CEO departs for Meta in Zuckerberg’s latest AI gambit

Scale AI CEO departs for Meta in Zuckerberg’s latest AI gambit



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account