Pre-market trading focus:
Meta Platforms CEO Mark Zuckerberg has long listed Meta Platforms’ artificial intelligence program (called AI Meta) as the top priority of the entire group. He publicly announced in January this year that the group will invest up to US$65 billion in related projects this year. Meta Platforms' artificial intelligence chatbot is now online on Facebook, Instagram and WhatsApp, with a monthly user base of 1 billion people.
Tech giant Apple's annual Worldwide Developers Conference (WWDC) will officially open later Monday night. While WWDC is not usually as sensational as its fall iPhone launch, it has always been an important "display window" for Apple's new software and hardware. Because investors are very disappointed with last year's WWDC, Apple needs to prove its innovative strength to investors this year in order to regain investors' confidence. Apple's stock price rose 0.49% before trading tonight, at $204.91. Coffee chain giant Starbucks posted a message on its WeChat on Monday that it would cut the prices of dozens of products such as Frappuccino, ice-shaking tea, tea lattes and other products sold in China from Tuesday (10th) to counter the increasing competition and cautious consumption of consumers. China is Starbucks' second largest market after the United States. Starbucks shares rose slightly by 0.20% before trading tonight, with a deadline of $89.82. American chip maker Qualcomm agreed on Monday to acquire British semiconductor company Alphawave for about $2.4 billion, or $183 per share. Qualcomm shares rose 0.90% before trading Monday night, and were at $150.59. Monday article let’s take a look at the latest acquisition rumors of Meta Platforms. The stock fell slightly by 0.02% before trading tonight, and was reported at $697.54. Pre-market active stocks are in sequence: Tesla, Plug Power, Robinhood Markets, Nvidia and Palantir Technologies. At the time of press time, except for the rising stock price of Nvidia, the stock prices of the other four active stocks all fell. Meta Platforms IncBloomberg reported that Scale AI was founded in 2016. The company mainly provides data labeling services to help enterprises train machine learning models and is a major beneficiary of the generative artificial intelligence boom. Scale AI's turnover last year was $870 million, and sales are expected to more than double to $2 billion by 2025. Its main customers include Microsoft and OpenAI.
According to the information, the startup had conducted a round of financing in 2024. It was valued at about $14 billion at the time, with Meta Platforms and Microsoft involved. Earlier this year, there were rumors that Scale AI was negotiating an acquisition, with a rumored valuation of $25 billion.
If the above news is true, this will be the largest external AI investment in Meta Platforms' history, and it is also a rare move for the company. Previously, the social media giant relied primarily on internal research and development and adopting a more open strategy to improve its artificial intelligence technology.
Bloomberg reported that people familiar with the matter revealed that Facebook parent company Meta Platforms is negotiating with artificial intelligence startup Scale AI about investing billions of dollars in the startup. People familiar with the matter also said that the scale of the financing may exceed $10 billion. If the investment is implemented, it will become one of the largest private company financings in the market ever.
Meta Platforms also announced last week that it will establish a new partnership with defense contractor Anduril Industries Inc to jointly develop products for the U.S. military, including an artificial intelligence helmet with virtual reality and augmented reality capabilities. (Reuters)However, at the time of press time, neither Scale AI nor Meta Platforms responded to the report.
Last week, Meta Platforms also announced a new partnership with defense contractor Anduril Industries Inc to jointly develop products for the U.S. military, including an artificial intelligence helmet with virtual reality and augmented reality capabilities.
In fact, from a business perspective, Scale AI and Meta Platforms are very suitable. The two companies are currently working on a project called Defense Llama, a military-purpose version of the large language model of Llama by Meta Platforms.
Monday (June 9) Focus: Major index futures in the Wall Street stock market in the United States remained almost flat on Monday (June 9). At the time of 7:00, the Standard & Poor 500 futures rose slightly by 4.00 points or 0.07% to 6004.30 points; the Nasdaq 100 futures, dominated by technology stocks, slightly retreated by 3.40 points or 0.02%, to 21,758.40 points; the heavyweight Dow Jones Index futures rose by 31.40 points, to 42,794.00 points; the heavyweight Dow Jones Index futures rose by 31.40 points, to 42,794.00 points;. U.S. stocks closed higher last Friday (June 6). The U.S. non-farm employment data released on the same day showed that the number of non-farm jobs increased by 139,000, more than the average forecast of economists collected by Reuters, alleviating market concerns about the economy. Coupled with the rebound in Tesla's stock price, major stock indexes have regained some of the lost ground from the previous day. The Standard & Poor 500 rose 61.06 points last Friday to close at 6000.36 points. The Dow Jones Index rose 443.13 points and closed at 42,762.87 points. The Nasdaq 100 index also rose 0.99% or 214.36 points, closing at 21,761.79 points. Trading in the U.S. stock market last Friday was still quiet, with the exchange's total trading volume of 14.5 billion shares, significantly less than the average trading volume of 17.8 billion shares in the past 20 days.Earlier this year, Scale AI also won a contract from the US Department of Defense to develop artificial intelligence proxy technology. Scale AI called the contract an "important milestone in military progress" at the time.
(NASDAQ: META)
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