The move is a bid to catch up with rivals such as OpenAI, Google and Anthropic after the poor performance of the Facebook parent's Llama 4 model.

As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 Wall St. is here to help.

Game of Kings. Hi everyone. Thanks to Meta Platforms CEO Mark Zuckerberg, the price to compete in the AI arms race has just gone up this week. Way up.

French advertising firm Publicis on Thursday raised its full-year organic growth forecast following stronger-than-expected second-quarter results, as CEO Arthur Sadoun dismissed concerns over Meta's AI-powered ad creation system.

Scale is cutting 200 full-time staffers, or 14% of the workforce, and around 500 contractors, spokesperson Natalia Montalvo told SFGATE on Wednesday, confirming a report from Bloomberg. Employees learned that they were going to be laid off before a morning memo from Scale’s CEO, Jason Droege, delivered the news to the wider staff.

Zuckerberg has pushed back against reports of compensation packages being the primary reason for top AI researchers joining the tech giant.

For Silicon Valley giants, getting ahead in the artificial intelligence race requires more than building the biggest, most capable models; they’re also competing to get third-party developers to build new applications based on their technology.

Following Meta's strategic investment, Scale AI is laying off 14% of its workforce.