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Title: Meta Discussed Buying Perplexity Before Investing In Scale AI

Link: https://meta.slashdot.org/story/25/06/20/2015...

According to Bloomberg (paywalled), Meta reportedly explored acquiring
Perplexity AI but the deal fell through, with conflicting accounts on whether
it was mutual or Perplexity backed out. Instead, Meta invested $14.3 billion
in Scale AI, taking a 49% stake as part of its broader push to catch up with
OpenAI and Google in the AI race. "Meta's attempt to purchase Perplexity
serves as the latest example of Mark Zuckerberg's aggressive push to bolster
his company's AI efforts amid fierce competition from OpenAI and Google
parent Alphabet," reports CNBC. "Zuckerberg has grown agitated that rivals
like OpenAI appear to be ahead in both underlying AI models and consumer-
facing apps, and he is going to extreme lengths to hire top AI talent."

Read more of this story at Slashdot.

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