Scale AI

Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google is planning to end its business relationship with Scale AI after its rival, Mark Zuckerberg‘s Meta Platforms Inc. (NASDAQ:META), acquired a 49% stake in the AI data-labeling startup. What Happened: Google, the most significant...

Meta Platforms, Inc. (NASDAQ:META) has made a strategic minority investment in Scale AI, valuing the company at over $29 billion, as part of a broader partnership to accelerate AI development. What Happened: On Thursday, Scale AI confirmed the development. The deal includes a major leadership...

Michael Kratsios, a former deputy to venture capitalist Peter Thiel and one of Silicon Valley's most influential tech policy figures, has taken charge of the U.S. government's AI strategy amid escalating competition with China's tech giants. What Happened: Kratsios was confirmed by the Senate to...

Backed by companies like Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN), and Meta Platforms Inc. (NASDAQ:META), Scale AI is reportedly seeking a valuation of up to $25 billion in a new tender offer. What Happened: Scale AI is in talks to launch a tender offer that could value the company...

The U.S. Department of Labor has reportedly launched a probe into Scale AI, a startup backed by Nvidia (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), and Meta Platforms Inc. (NASDAQ:META), to assess its compliance with the Fair Labor Standards Act. What Happened: The investigation into Scale AI’s...

Microsoft co-founder Bill Gates couldn't name many young tech founders leading groundbreaking companies from this era, with only one exception — Alexandr Wang. What Happened: During a conversation with Stripe CEO Patrick Collison at the Computer History Museum, Gates was asked to name any founders...

Scale AI, a San Francisco-based artificial intelligence startup with a $13.8 billion valuation and high-profile partnerships across the tech industry, is facing a class-action lawsuit alleging wage theft and worker misclassification. The lawsuit, filed Tuesday in San Francisco Superior Court by...

First, there was the Magnificent 7 of publicly traded companies: Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NYSE:MSFT), Nvidia Corporation (NASDAQ:NVDA), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META) and Tesla Inc. (NASDAQ:TSLA...

BlackRock‘s (NYSE:BLK) Investment Institute’s 2024 Global Outlook highlights that AI opportunities in 2024 are expected to expand beyond 2023’s leading sectors, namely semiconductors and cloud computing. The AI Technology Stack 2023 has emerged as a pivotal year for AI,...

Meet Alexandr Wang, a prodigy entrepreneur who etched his name in history as the world's youngest self-made billionaire.  At age 24, he achieved what many only dream of — a spot in the elite billionaires' club. He's been hailed as a genius and compared to Elon Musk, the...

In a powerful warning to the Pentagon, Scale AI’s founder stressed the imperative for swift action in harnessing military data and embracing emerging technology, citing AI as China’s parallel to the Apollo project. What Happened: During a hearing before the...

Close on the heels of robust quarterly results, graphic chips giant Nvidia Corp. (NASDAQ: NVDA) filed for an S-3 registration statement with the SEC for a mixed-shelf offering. What Happened: Santa Clara, California-based Nvidia said it plans to sell securities, including common stock, preferred...