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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Meta Reportedly Tried To Buy AI Video Startup Runway Before $14 Billion Scale AI Bet: Report

Meta Runway Scale AI Alexandr Wang Artificial Intelligence
Meta

Meta Platforms Inc. (NASDAQ:META) held acquisition discussions with artificial intelligence video startup Runway before completing its $14.3 billion investment in Scale AI.

What Happened: The talks between Meta and Runway, known for AI video-generation tools, did not advance significantly and ultimately dissolved, CNBC reported, citing sources.

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