These numbers are absurd
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Meta invests $14.3B in Scale AI to kick-start superintelligence lab
21–30 of 507 posts
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#22Will Employees be able to gain any liquidity from their options, or is this technically another round with no tender offer?
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#23This is a weird deal? Meta buys a non-controlling stake and says no customers will be affected but the CEO and others are leaving Scale for Meta. Meta also says they won’t have access to competitor data but at 49% ownership they get major investor rights? Sounds like an acqui-kill to me?
Strikes me more as an attempt to maintain plausible deniability if/when the FTC comes knocking
The FTC will do nothing. Not under Trump.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#24Below article has interesting info but it's paywalled. Does anyone have a way to read this? https://www.theinformation.com/articles/fame-feud-and-fortun... Edit (as per wikipedia): "Lucy Guo was fired two years later in 2018." She was a co-founder.
The Information's paywall seems pretty impervious these days.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#25Will Employees be able to gain any liquidity from their options, or is this technically another round with no tender offer?
From Wang's note to employees (https://x.com/alexandr_wang/status/1933328165306577316):
> Today's investment also allows us to give back in recognition of your hard work and dedication to Scale over the past several years. The proceeds from Meta's investment will be distributed to those of you who are shareholders and vested equity holders, while maintaining the opportunity to continue participating in our future growth as ongoing equity holders. The exceptional team here has been the key to our success, so l'm thrilled to be able to return the favor with this meaningful liquidity distribution.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#26This is a weird deal? Meta buys a non-controlling stake and says no customers will be affected but the CEO and others are leaving Scale for Meta. Meta also says they won’t have access to competitor data but at 49% ownership they get major investor rights? Sounds like an acqui-kill to me?
Would buying 49% prevent any government investigations into the deal?
Yeah 50% may have triggered antitrust
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#27Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#28This is a weird deal? Meta buys a non-controlling stake and says no customers will be affected but the CEO and others are leaving Scale for Meta. Meta also says they won’t have access to competitor data but at 49% ownership they get major investor rights? Sounds like an acqui-kill to me?
Strikes me more as an attempt to maintain plausible deniability if/when the FTC comes knocking
Size seems large enough to warrant an FTC look, especially given Meta’s past. But I guess 1% less lets you pass GO :)
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#29This is a weird deal? Meta buys a non-controlling stake and says no customers will be affected but the CEO and others are leaving Scale for Meta. Meta also says they won’t have access to competitor data but at 49% ownership they get major investor rights? Sounds like an acqui-kill to me?
Of all the tech companies, Meta is the most ruthless and shameless. You'd have to be a total fool to trust Zuck, especially Zuck who put billions into AR for not much return and now billions into AI to create lackluster lagging models.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#30From my perspective, Meta is doing pretty reasonable with their AI compared to eg Apple.
What is their end goal with AI? I understand Google, Anthropic and OpenAI try to cater to a certain audience with their AI products.
I understand the way Apple wants (but is failing) to integrate AI into their products.
What’s Meta’s strategy here? What’s their vision?