Meta’s US$14.8 billion Scale AI deal latest test of AI partnerships

Meta’s US.8 billion Scale AI deal latest test of AI partnerships

[NEW YORK] Facebook owner Meta’s US$14.8 billion investment in Scale AI and hiring of the data-labeling startup’s chief executive offiecer will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday (Jun 12), was Meta’s second-largest investment to date. It…

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Gold Prices Surge as Middle East Tensions Rise and Rate Cut Hopes Grow

Gold Prices Surge as Middle East Tensions Rise and Rate Cut Hopes Grow

Markets jittered on Friday as new tensions in the Middle East sent tremors through global finance. Investors fled to gold as a haven in a world of elevated geopolitical risk. The increase comes amid heightened tensions following reported strikes on key facilities, which has heightened fears of a protracted conflict. X Spot gold rose 1.7% to $3,439.79 an ounce,…

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