Bloomberg: "Meta in Talks for Scale AI Investment That Could Top $10 Billion"
$META
You know Alexandr Wang, the young guy who had the big puffer jacket in Davos? Not to be confused with the designer Alexander Wang mind you. Well he's the founder and CEO of Scale AI and Zuck might have called him. Smart move, Scale AI have numerous big tech and AI customers.
Some highlights from the article...
"The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time."
"Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom."
"This would be Meta’s biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology."
"Scale plays a key role in making AI data available for companies. Because AI is only as good as the data that goes into it, Scale uses scads of contract workers to tidy up and tag images, text and other data that can then be used for AI training."
Source (paywall):
https://www.bloomberg.com/news/articles/2025-06-08/meta-in-talks-for-scale-ai-investment-that-could-top-10-billion
You know Alexandr Wang, the young guy who had the big puffer jacket in Davos? Not to be confused with the designer Alexander Wang mind you. Well he's the founder and CEO of Scale AI and Zuck might have called him. Smart move, Scale AI have numerous big tech and AI customers.
Some highlights from the article...
"The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time."
"Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom."
"This would be Meta’s biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology."
"Scale plays a key role in making AI data available for companies. Because AI is only as good as the data that goes into it, Scale uses scads of contract workers to tidy up and tag images, text and other data that can then be used for AI training."
Source (paywall):
https://www.bloomberg.com/news/articles/2025-06-08/meta-in-talks-for-scale-ai-investment-that-could-top-10-billion
The Zuckster is doing it way big. Some highlights...
"The tech company has spoken with entertainment brands including Disney and A24, as well as smaller production companies, according to people familiar with the matter. It is offering millions of dollars for episodic and stand-alone immersive video based on well-known intellectual property"
"The new device, known internally as “Loma,” is more powerful than the Meta Quest VR headsets now available, with higher-fidelity video. The design is similar to a large pair of eyeglasses"
"Meta is planning to charge less than $1,000 for the device"
Source (Paywall):
Some highlights...
"Using the ad tools Meta is developing, a brand could present an image of the product it wants to promote along with a budgetary goal, and AI would create the entire ad, including imagery, video and text."
"Meta also plans to enable advertisers to personalize ads using AI, so that users see different versions of the same ad in real time, based on factors such as geolocation, the people said."
Source (paywall):
Lets see if newly appointed creative director Demna Gvasalia can turn things around.
I'm not a fan of Demna's clothes by any means, but there's no denying his massive impact on fashion the last 10 years. More so than any other designer during this period.
His work at Vetements and Balenciaga will written about in books.
Starting Vetements and taking it from nothing to the biggest hype in fashion in such a short period of time was an amazing feat. I don't think I've witnessed anything similar before nor after.
And then taking Balenciaga from a sleeping brand no one was paying attention to to the most hyped one, surpassing even Vetements.
The Kering group consists of more brands than Gucci of course, but Gucci's share of the revenues is above 40%. If Demna is successful here, Kering will probably be out of the woods.
Not buying the clothes and not buying the stock.
Speaking of, the only Gucci I care about, Gucci Mane! Legend! ❤️🙌
