Meta Platforms, the parent company of Facebook, held private discussions with AI startup Perplexity AI, but the talks did not culminate in a deal. This follows Meta's recent investments in other AI-focused companies.
Negotiations Between Meta and Perplexity
Reports indicate that discussions between Meta and Perplexity ended without achieving financial agreements. Perplexity AI, valued at approximately $14 billion in its latest funding round, opted not to pursue the negotiations further. Both companies declined to comment on the matter.
Meta's AI Strategy
These discussions align with CEO Mark Zuckerberg's broader initiative to amplify the company's efforts in artificial intelligence. Recently, Meta has been making strides to attract top talent and technology in this sector, seeking to catch up with competitors like OpenAI and Alphabet. As part of its strategy, Meta has already announced a 49% stake acquisition in Scale AI in exchange for a multibillion-dollar investment.
Implications of Meta's Initiatives
Earlier this year, Meta sought to onboard Daniel Gross and Nat Friedman from the research firm Safe Superintelligence, which raised funding at a valuation of $32 billion. Nevertheless, not all of Meta's efforts have been successful as some notable experts declined lucrative offers.
The negotiations between Meta and Perplexity AI, alongside the company’s investments in other AI firms, highlight its determination to secure a leading position in the artificial intelligence sphere. Despite some setbacks, Meta continues to actively develop its technologies and attract specialists.
