Meta Platforms saw its stock increase by 14% in June, influenced by a broader market uptrend and a significant $14 billion investment in Scale AI. This investment grants Meta a near-50% stake in the AI startup and brings its founder, Alexandr Wang, on board to lead a new research lab focused on superintelligence. Meta is further strengthening its AI ambitions by attracting talent and considering a $29 billion funding for data center expansion. The stock’s growth also reflects positive economic indicators in job market expansion and controlled inflation.
Meta Platforms benefited from a stock market uptrend in June, gaining 14% by month’s end partly due to a $14 billion investment in Scale AI.
Meta's deal grants it a near-50% stake in Scale AI and brings its founder, Alexandr Wang, to lead a new research lab focused on superintelligence.
Meta aims to expand its AI capabilities by poaching talent from leading companies and considering significant investments, including a $29 billion fund for data center expansion.
The company’s stock performance is closely tied to economic trends, reflecting optimism surrounding job growth and steady inflation that favor digital advertising revenues.
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