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The Latest Breaking News from Alexandr Wang

Meta Spending Big On AI Talent But Will It Pay Off?

Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree.

International Business Times

Analyst Sees Meta Hitting $800: What May Lead Shares to New Highs

Wall Street is taking notice of Meta's latest moves. June upgrades suggest shares could reach new all-time highs and may even surpass $800 for the first time.

MarketBeat

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

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

Benzinga

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A New Queen Of Green--Hard-Charging Tech Mogul Replaces Taylor Swift As The World's Youngest Self-Made Woman Billionaire

Taylor Swift is the undisputed Queen of Pop, but she was recently bumped out of the top spot on a different list. Scale AI co-founder Lucy Guo has just replaced Swift as the world's youngest self-made female billionaire. According to Forbes, Guo is worth an astonishing $1.3 billion. Guo founded…

Benzinga

Inside the rise of Alexandr Wang and Meta’s $14 billion bet that the MIT dropout will help bring AI supremacy

Wang turned Scale AI into a vital piece of the AI revolution, and briefly claimed the title of youngest self-made billionaire in the process. Now Meta’s Mark Zuckerberg is paying up to bring him in-house.

Fortune

Why Meta Stock Investors Should Watch Its Bold Bet on Scale AI

Meta just dropped $14B on Scale AI to shake the competition and pursue AI profits. Much of its future now rests in the hands of a 28-year-old startup founder.

MarketBeat

OpenAI plans to continue working with Scale AI despite rival Meta’s $14.3bn deal, CFO says

Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.

Fortune

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Self-made billionaire college dropout Alexandr Wang signs $14.3 billion deal to bolster Meta’s AI efforts: ‘There’s a huge premium to naivete’

The agreement poaches the startup CEO from the company he founded, Scale AI, and doubles its valuation.

Fortune

Quick Facts on Alexandr Wang: The 28-Year Old CEO Poached by Meta to Disrupt Global AI Strategy

Scale AI plans to use the proceeds from Meta's investment to drive innovation and deepen relationships with key customers.

International Business Times UK

Meta bets big on start-up Scale AI with €12 billion investment and hires its co-founder

Scale AI has helped major tech companies such as OpenAI, Google, and Microsoft prepare the data they use to train AI models.

Euronews

Meta Invests $14.3B For 49% Stake In Scale AI To Boost AI Capabilities

This deal marks Meta's second-largest investment to date, following its $19 billion acquisition of WhatsApp in 2014, and deepens the strategic partnership between the two companies

International Business Times

Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team

Meta said Thursday it is making a large investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant

The Independent UK

Meta to announce $15bn investment in bid to achieve computerised ‘superintelligence’

Mark Zuckerberg expected to announce Meta will buy 49% stake in Scale AI as race to dominate AI market speeds up

The Guardian - UK

Tech stocks inch up as Meta reportedly nears multi-billion dollar AI investment

The S&P 500 rose 0.55% on Tuesday as investors await resolution of U.S.-China discussions.

Fortune

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Fortune

Meta’s ‘superintelligence’ effort with Scale AI founder highlights its scramble to keep pace in AI race

Zuckerberg is tapping a rising AI power broker in a high-stakes move to revive Meta’s generative AI ambitions after its recent Llama 4 flop and ongoing AI talent departures.

Fortune

Former Google CEO Eric Schmidt sounds alarm over a ‘Manhattan Project’ for superintelligent AI

Eric Schmidt, Scale AI CEO Alexandr Wang, and Center for AI Safety Director Dan Hendrycks are warning that treating the global AI arms race like the Manhattan Project could have dangerous consequences.

Fortune

How DeepSeek’s millennial cofounder became one of tech’s hottest players

The man behind DeepSeek, Liang Wenfeng, remains largely a mystery.

Al Jazeera

China’s DeepSeek faces questions over claims after shaking up global tech

Elon Musk and Palmer Luckey among tech leaders to cast doubts on Chinese startup’s claimed budget and chip use.

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Fortune

Wall Street defiant after brutal tech selloff. ‘Market reaction is overdone’

Analysts say U.S. tech stocks will rebound because DeepSeek’s success will spur more investment into AI.

Evening Standard

Is DeepSeek really AI's 'Sputnik moment'? The hazy backstory to ChatGPT's Chinese rival

A Chinese AI company has shaken up Wall Street and Silicon Valley, but is it really the disruptor people think?

The Guardian - UK

Who is behind DeepSeek and how did it achieve its AI ‘Sputnik moment’?

Liang Wenfeng, who founded the firm just two years ago, says his aim is ‘not to lose money, nor to make huge profits’

The Guardian - US

Tech billionaires lost almost $100bn in stock market selloff sparked by DeepSeek

Nvidia saw $600bn of its market value disappear, while its CEO, Jensen Huang, saw his net worth drop by nearly $21bn

International Business Times UK

Top 500 Richest Lose £86.7B After DeepSeek AI Chatbot Launch Triggers AI Market Selloff

The S&P500 and the Nasdaq Composite declined as investors questioned America's AI dominance after DeepSeek launched its free AI chatbot.

The Guardian - UK

Tuesday briefing: How an unknown Chinese startup wiped $593bn from the value of an AI giant

In today’s newsletter: the US has had a huge head start on artificial intelligence – but now a low-cost rival from Hangzhou has turned the industry on its head

Fortune

AI selloff: Claims from China’s DeepSeek too good to be true?

Several voices inside the AI sector suggest the mysterious lab’s reported accomplishments can’t be taken at face value.

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