Reported about 13 hours ago
Meta Platforms has invested $14.3 billion in Scale AI, acquiring a non-voting stake and key personnel to enhance its AI capabilities. Despite past struggles, including a disappointing Llama 4 release, the potential of AI remains crucial for Meta's future growth. CEO Mark Zuckerberg envisions AI-driven marketing tools that could optimize ad campaigns, increasing demand for advertising on its platforms. With the stock priced attractively at 27 times forward earnings, some analysts believe it’s a savvy investment, although others recommend alternative stocks.
Source: YAHOO