Meta Platforms, Inc. (META) Holds Talks To Acquire Runway, PlayAI in Latest AI Push

Meta Platforms, Inc. (NASDAQ:META) is among the 13 Best Big Name Stocks to Buy Now. The company has held talks with AI startup Runway over a potential acquisition bid, several news outlets reported last week.

However, the talks did not progress far and dissolved, CNBC said on Monday. The approach comes amid an aggressive push from CEO Mark Zuckerberg to bolster Meta Platforms, Inc. (NASDAQ:META)’s AI efforts in recent months.

The social media giant made a multi-billion-dollar investment in Scale AI in June and has also approached Safe Superintelligence and Perplexity AI about potential takeover deals this year. On June 26, Bloomberg reported that Meta Platforms, Inc. (NASDAQ:META) had engaged in talks to acquire the voice cloning startup PlayAI.

The company agreed to a 49% stake in Scale AI and hired its founder Alexandr Wang, along with other prominent employees in the firm. While it failed to acquire Safe Superintelligence, there are reports about Meta Platforms, Inc. (NASDAQ:META) working on hiring its CEO, Daniel Gross, to boost its AI push.

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