Meta Platforms Show Interest in AI Market Access Through M&A Discussions
Meta Platforms held confidential discussions with cryptocurrency startup Perplexity AI about a possible merger before deciding to invest $14.3 billion in Scale AI.
Those discussions ended without a deal, and Perplexity chose not to pursue the offer, a source familiar with the matter told CNBC.
The two sides have not come to a clear financial agreement and have remained silent on the matter. Perplexity, which was valued at around $14 billion in its most recent funding round, completed that funding before Meta began looking for an acquisition.
Mark Zuckerberg's AI Boost Campaign
This activity is part of CEO Mark Zuckerberg's strategy to expand the field of artificial intelligence. He has stepped up efforts to attract top AI talent and technology.
Faced with competition from OpenAI and Alphabet, Facebook is aggressively poaching top researchers and veteran founders. The acquisitions and off-market hires are seen as a strategy to catch up with rivals in the rapidly evolving field of AI.
Invest In Scale AI And Get Involved In Related Cryptocurrency Projects
As part of its comprehensive AI strategy, Meta has agreed to take a 49% stake in Scale AI through its massive investment. Although this share structure does not allow for voting rights, founders like Alexandr Wang and his team will be directly involved in Meta’s AI projects.
Meta’s chairman also invested in Safe Superintelligence, a research firm valued at $32 billion as of April, to advance the goals of the Artificial Superintelligence Alliance. Safe’s executives will join Meta’s AI division, led by Wang, to create new directions in the field.
Top Talent Recruitment Strategies in the Cryptocurrency Industry
Sam Altman, CEO of OpenAI, commented on Meta's hiring strategy on the podcast “Uncapped.”
He said Meta offered OpenAI employees signing bonuses worth up to $100 million and generous compensation packages, but many turned them down. Altman emphasized that Meta sees OpenAI as its biggest competitor in AI, and noted Meta’s willingness to explore new avenues.
Meta Looking for More Potential Talent in Cryptocurrency Market
According to Bloomberg, Meta also sought to recruit Perplexity CEO Aravind Srinivas before officially signing a contract with Scale AI. These negotiations took place at a time when Meta began to step into the field of next-generation AI.
Perplexity launched in 2022 and quickly became an icon of generative AI-powered search assistants that summarize information, cite sources, and improve queries to provide clearer results. The company is now developing an AI-powered web browser to compete with Google and other services.
Cryptocurrency Market And Investment In AI Field
Zuckerberg’s strategy has attracted many key figures in the crypto and AI communities. Leading researchers who previously worked for DeepMind or Sesame AI have joined Meta, helping to advance the field.
Not all approaches have been successful, however. Several prominent experts have turned down Meta’s offers, even when huge bonuses and incentives were offered. The company has also discussed a data infrastructure partnership with Safe Superintelligence, providing data centers for its research projects.
Source: https://tintucbitcoin.com/meta-that-bai-truoc-perplexity-trong-ai/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!