data labeling AI News & Updates
Internal Turmoil and Low Morale Plague Meta's Applied AI Team
Reports indicate widespread frustration within Meta's recently formed Applied AI unit, where 6,500 engineers were drafted to generate training data for AI models. Employees describe the work as highly repetitive and have...
Wirestock Raises $23M to Supply Multi-Modal Creative Data to AI Foundation Model Makers
Wirestock, a platform that originally helped photographers sell stock photos, has pivoted to become a data provider for AI labs, raising $23 million in Series A funding. The company now supplies images, videos, design as...
Meta's $14.3B Scale AI Partnership Shows Early Strain Amid Quality Concerns and Executive Departures
Meta's $14.3 billion investment in Scale AI is showing signs of strain just two months after the partnership began, with key executives departing and Meta's TBD Labs preferring competitors like Surge AI and Mercor for da...
Meta Invests $14.3 Billion in Scale AI for 49% Stake to Accelerate AI Development
Meta has invested $14.3 billion to acquire a 49% stake in data-labeling company Scale AI, bringing co-founder Alexandr Wang onto Meta's team. The move reflects Meta's urgency to compete in the AI race against companies l...
Meta Invests $14.3 Billion in Scale AI for 49% Stake, CEO Joins Meta's Superintelligence Efforts
Meta has invested approximately $14.3 billion for a 49% stake in data-labeling company Scale AI, valuing the startup at $29 billion. Scale AI's co-founder and CEO Alexandr Wang is joining Meta to work on the company's su...
Meta Invests $15B in Scale AI and Forms New Superintelligence Lab
Meta is reportedly investing nearly $15 billion in data labeling firm Scale AI, taking a 49% stake and bringing CEO Alexandr Wang to lead a new "superintelligence" lab. The move comes as Meta struggles to compete with ri...
Meta Considers $10+ Billion Investment in Scale AI Data Labeling Company
Meta is reportedly in talks to invest over $10 billion in Scale AI, a company that provides data labeling services for training AI models to major tech companies including Microsoft and OpenAI. This would represent Meta'...