Meta has taken a minority stake in Scale AI at a $29 billion valuation, appointing former Uber Eats chief Jason Droege as interim CEO as founder Alexandr Wang joins Meta's internal AI team.

Before we get to today's column, my colleague Valida and I reported Tuesday that Canadian AI model maker Cohere is in talks ...

A new research paper from S&P Global Market Intelligence titled “When Headcount Counts: How Investors are Pricing Scale and Story” offers a compelling view into how venture capital behavior is ...

Plus: Reddit sues Anthropic.Also of note: Enterprise AI startup Glean raised $150 million in Series F funding at a $7.2 billion valuation. Employees use the company’s AI tools to search for ...

Now, Meta Platforms, one of the largest spenders on AI, has acquired a 49% stake in Scale AI for $14.3 billion, valuing the company at nearly $30 billion.