Meta Platforms Inc. Meta An acquisition discussion was held with an artificial intelligence video startup Runway Before completing your $14.3 billion investment Scale AI.
what happened: A lecture between Meta and Runway, known for its AI video generation tool, cited the source and reported that it had made significant progress and ultimately did not disband.
This approach represents a part of the CEO Mark ZuckerbergA proactive driving force to strengthen Meta's AI capabilities as competition intensifies in the artificial intelligence sector. The social media giant secured a 49% stake in Scale AI in June and recruited founders Alexandre Wang With multiple employees.
Meta is pursuing multiple AI acquisition goals this year, including approaches to safe emergency situations and confusing AI, the report says.
The company was unable to get the full safe super intelligence, but we recruited a CEO Daniel Gross And before github CEO Natfriedman Join the AI department under Wang's leadership.
Meta and Runway did not immediately respond to Benzinga's request for comment.
See: What's next for Apple – Chamath Palihapitiya fights back: “Don't think they have what opportunities,” dismiss Glass and AI's hopes
Why is it important?:Acquisition strategies arise as Meta deepens its defense technology partnership. The company recently announced a collaboration with Anduril Industries To develop augmented reality equipment for the US military, we will submit joint bids for contracts worth up to $100 million as part of a $22 billion military modernization initiative.
Price Action: Meta stock closed at $698.53 on Monday, up 2.37% that day. In pre-market trading on Tuesday, the stock price rose to another $704.19, earning another 0.81%. Over the year, Meta stocks have increased by 16.57%.
Benzinga Edge Stock Ranking It shows consistent upward trends in the meta over the short-term, medium-term, and long-term. You can explore more detailed performance insights here.
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Disclaimer: This content was created in part with the help of AI tools and was reviewed and published by the Benzinga editor.
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