Is Meta's $14.3 Billion Bet on Scale AI Too Little, Too Late?

Big tech has not been shy about opening the pocketbook for artificial intelligence (AI)-related investments over the last few years. While the billion-dollar price tags are what made headlines, the real value of these investments came with their strategic intent. Many of these deals involved alliances with big tech leaders, who swiftly integrated a host of new AI-powered products and services into their legacy ecosystems.Until recently, Meta Platforms (NASDAQ: META) took a different approach. It chose to allocate its capital expenditure (capex) budget to custom silicon chips, developing new wearable tech, and building its own large language model (LLM). However, following its massive $14.3 billion bet on start-up Scale AI, it's fair to wonder if Meta's approach to building an AI empire is too little, too late.Let's explore some of the more notable AI deals that big tech has made in recent years. From there, I'll detail the underlying thesis behind Meta's interest in Scale AI, and why the timing of this deal is so important.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool