By Leo Marchandon and Noemie Naudin (Reuters) -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.

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.

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.

Scale AI said it’s cutting 14% of its staff weeks after Meta invested $14.3 billion in the startup and hired a number of top staffers.

(Reuters) -Meta CEO Mark Zuckerberg has pledged hundreds of billions of dollars towards building massive data centers, days after ratcheting up the AI race with the launch of a division made up of engineers poached from rivals he hopes to challenge.

Meta Platforms is shifting its focus and riding a powerful, bullish trend. Investors should consider the wide range of Meta stock price targets and formulate a strategy for all possible outcomes.

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.

Scale AI, a private U.S. artificial intelligence company, laid off 14% of staff after tech giant Meta took a $14.3 billion stake and hired its CEO last month.