Tag: meta

AI bubble debate

This Startup With 60% Employees On The Autism Spectrum Beat Meta-Backed $14B Scale AI For $708 Million Pentagon AI Contract

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Artificial intelligence company Enabled Intelligence, with a majority neurodiverse workforce, announced on Nov. 24 that it has secured the National Geospatial-Intelligence Agency’s largest data labeling contract.The contract win marks a significant victory over Scale AI, which received a $14 billion investment from Meta (NASDAQ:META) in June, according to Bloomberg. Enabled Intelligence received the Sequoia contract, […]

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In This Photo The Logo Of Meta Ai Is Dis

Mark Zuckerberg Poaches Sam Altman’s Talent With Multimillion-Dollar Offers To Build Meta’s AI Team

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Meta Platforms Inc. (NASDAQ:META), under the leadership of CEO Mark Zuckerberg, is on a relentless pursuit for artificial intelligence (AI) specialists, with remuneration packages that outstrip those of professional sports stars and Fortune 500 CEOs.What Happened: As per a report, Meta’s recruitment drive is focused on assembling an elite AI team for its Superintelligence Labs. […]

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Veteran Wall Street Analyst Counters Recession Fears: ‘We Don’t Expect A Hard Landing Of The Economy’

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Veteran Wall Street investor Ed Yardeni challenged fears of a U.S. recession on Monday, opposing the prevailing market sentiment that unsettled global equities.“A weak July employment report does not make a recession,” wrote Ed Yardeni, president of Yardeni Research, in a morning note published ahead of the stronger-than-expected ISM Services PMI report. Yardeni argues that […]

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