Meta's big AI bet and our not-so-hot-take on fintech IPOs
1. META invests $14.3 billion in Scale AI for a 49% stake. 2. The acquisition aims to enhance META's AI capabilities amid fierce competition. 3. Scale's co-founder Alexandr Wang will join META's team following the investment. 4. Current strategy positioning indicates META's urgency in catching up in AI race. 5. Experts question if this is a game-changing move or just hiring a key player.