Scale AI confirms 'significant' investment from Meta
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Meta Platforms (NasdaqGS:META) has announced significant developments, including a $14 billion investment in Scale AI to enhance artificial intelligence capabilities, alongside a strategic partnership with XGS Energy for geothermal energy projects.
Meta Platforms stands out as a top AI stock because of its attractive valuation. With a forward price-to-earnings ( P/E) ratio of 25, Meta trades at a large discount to its Magnificent Seven peers, including Apple, Amazon, Microsoft, and Nvidia, which average an earnings multiple closer to 32.
Meta said in a blog post that it is suing Joy Timeline HK Limited, the entity behind CrushAI apps, which allow people to create AI-generated nude or sexually explicit images of individuals without their consent.
Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.
Some people are unwittingly posting their private and sometimes mortifying conversations with the Meta AI chatbot to the world.
Meta AI is going viral for showing user chats that should not be public, so be sure to fix your privacy settings ASAP.
Meta Platforms makes most of its money from advertising to its massive user base. As of the end of the first quarter, Meta boasted 3.43 billion daily active users across its websites and apps, which include Facebook, Instagram, Messenger, and WhatsApp.
Meta (NASDAQ:META) said Thursday it is suing Crush AI in its fight against "nudify apps," which allow the creation of AI-generated nude or sexually explicit images without a user's consent. The social media and tech giant said it is filing the suit against the parent company of the app,