Thu. 06/12 – Meta’s Big AI Acqui-hire

Daily News
Tech News
Technology

The day's tech news, every day at 5pm. From Techmeme.com, Silicon Valley's most-read news source. 15 minutes and you're up to date.

I explain how and why exactly this big Meta investment in Scale AI came about. Hollywood sues AI in a big way for the first time. A look at how stablecoins have mainstreamed crypto at long last. And episode number 205 of the long running series: we blew up traditional TV just to rebuild it.

Links:

Meta to Pay Nearly $15 Billion for Scale AI Stake and Startup’s 28-Year-Old CEO (The Information)
Disney, NBCU sue Midjourney over copyright infringement (Axios)
Wikipedia Pauses AI-Generated Summaries After Editor Backlash (404Media)
How stablecoins are entering the financial mainstream (Financial Times)
EXCLUSIVE: Amazon Doubles Prime Video Ads to 6 Minutes Per Hour (AdWeek)

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.