Scale | Crypto

CoinShares has outlined a $1.2B SPAC with Vine Hill to list on Nasdaq, expected to close by Q4 2025 and create Odysseus Holdings Limited. The firm has reported ~$10B AUM, a 34% ETP share in EMEA, a 32-product suite, and has gained MiCA authorisation via its French unit.   The post CoinShares Targets U.S. Scale via $1.2B SPAC – Nasdaq Debut in Sight appeared first on Cryptonews.

The ride-hailing giant has reportedly offered AI “coders for hire” since at least November. Ride-hailing giant Uber is promoting its data labeling services to potential clients following Meta’s 49% acquisition of Scale AI — a move that reportedly unsettled some companies previously partnered with Scale, including OpenAI and Google. In an interview with Fortune, Uber executive Megha Yethadka said the company is expanding its AI business by offering large-scale data sets and tools to organizations developing in-house AI models. This includes licensing Uber’s data labeling platform and related technologies to help customers build AI agents. “For Uber, our core has always been being the platform of choice for flexible on-demand work,” Yethadka said. “That extends itself really well to this business of digital tasks now.” Read more

OpenAI is dropping Scale AI from its data labeling suppliers days after the startup’s acquisition by Meta. OpenAI is scaling back its contracts with Scale AI, a data labeling startup recently acquired by social media giant Meta. According to a Thursday report from Bloomberg, the ChatGPT maker is winding down its reliance on the startup's data, a few days after Meta announced a $14.8 billion deal for a 49% ownership stake in Scale AI. The acquisition was Meta’s second-largest and will also have Scale CEO Alexandr Wang joining Meta’s experimental AI project. The companies announced the deal on June 12. Read more

The deal values data-labeling startup Scale AI at $29 billion, as Meta aims to catch up with rivals such as OpenAI and Google.

Mark Zuckerberg is reportedly assembling a superintelligence group that will include Scale AI founder Alexandr Wang. Meta Platforms is reportedly acquiring a 49% stake in Scale AI, a leading data labeling company that powers many AI applications, as CEO Mark Zuckerberg seeks to strengthen Meta’s position in the competitive artificial intelligence landscape.  After days of speculation, The Information reported on Tuesday that Meta has finalized a $14.8 billion deal for a significant minority share in Scale AI.  According to sources familiar with the negotiations, the transaction was completed in cash and includes Scale AI’s CEO, Alexandr Wang, joining Meta as part of a new “Superintelligence” initiative. Read more