Meta in talks for Scale AI investment that could top $10 billion, Bloomberg News reports

Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

CNA

2 hours ago

• CNA

WhatsApp banned on US House of Representatives devices, memo shows

WASHINGTON :Meta Platforms' WhatsApp messaging service has been banned from all U.S. House of Representatives devices, according to a memo sent to all House staff on Monday. The notice said the "Office of Cybersecurity has deemed WhatsApp a high risk to users due to the lack of transparency in how it protects user data, absence of stored data encryption, and potential security risks involved with its use." The memo, from the chief administrative officer, recommended using other messaging apps, including Microsoft Corp's Teams platform, Wickr, Signal, and Apple's iMessage and FaceTime. Meta disagreed with the move "in the strongest possible terms," a company spokesperson said, noting that the platform provides a higher level of security than the other approved apps. In January, a WhatsApp official said Israeli spyware company Paragon Solutions had targeted scores of its users, including journalists and members of civil society. The House has banned other apps from staff devices in the past, including the short video app TikTok in 2022 due to security issues.

CNA

2 hours ago

• CNA

Tesla shares soar after first robotaxi test rides hit the road in Austin, Texas

Tesla shares jumped 10 per cent on Monday after the electric-vehicle maker started testing its long-awaited robotaxi service, a key step toward proving the technology that CEO Elon Musk has for years touted as a crucial driver of its lofty valuation. The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its cars have carried paying passengers without human drivers. The rides were being offered for a flat fee of $4.20 in a limited zone. The trial's success is crucial for Tesla as Musk has pivoted the company to self-driving cars and robots, shelving plans for mass-market dominance in the EV space as Chinese competition heats up and demand slows for its aging line-up of models. "It was a comfortable, safe, and personalized experience," said Wedbush Securities analyst Dan Ives, who took multiple robotaxi rides on Sunday and has long been a Tesla bull. "There was a moment where we drove up a narrow road going up a hill with cars parked on both sides with oncoming traffic and people opening their car doors into the road and the robotaxi masterfully maneuvered with patience and safety." Many social-media influencers also posted videos of their first rides on X, showing the cars navigating busy city streets by slowing down and making room for incoming traffic. Still, the tightly controlled trial - with about 10 vehicles and front-seat riders acting as "safety monitors" - is just the first step in what could be a years-long process of scaling up the service, according to some industry experts. Tesla, as well as rivals including Google-backed Waymo, have faced federal investigations and recalls following collisions. Industry experts have questioned the efficacy of Tesla's self-driving technology that depends mostly on cameras and AI, without redundant sensors such as lidar and radar, claiming fog, heavy rain and glaring sunlight can hamper safety. The company will also have to navigate a new Texas law taking effect September 1 that requires a state permit for self-driving vehicles and reflects bipartisan calls for a cautious roll-out. If Monday's gains hold, Tesla - the world's most valuable automaker - will add nearly $100 billion to its market value of about $1 trillion. The stock has declined about 12 per cent so far this year, dragged down by concerns about demand and brand damage from Musk's embrace of right-wing politics in Europe and support for U.S. President Donald Trump.

CNA

3 hours ago

• CNA

WhatsApp banned on US House of Representatives devices

WASHINGTON :Meta Platforms WhatsApp messaging service has been banned on all U.S. House of Representatives devices, according to a memo sent to House staff on Monday. The notice to all House staff said the "Office of Cybersecurity has deemed WhatsApp a high-risk to users due to the lack of transparency in how it protects user data, absence of stored data encryption, and potential security risks involved with its use." The memo, from the Chief Administrative Officer, recommended other messaging apps, including Microsoft Corp's Teams platform, Wickr, Signal, Apple's iMessage, and Facetime.