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When Mark Zuckerberg feels the heat, he opens his wallet.
The 41-year-old Facebook founder and Meta
CEO is on a spending spree like never before in an effort to position his company at the forefront of the artificial intelligence boom and make up for recent costly mistakes in a market that’s rapidly revolutionizing the business world.
Following last week’s stunning $14.3 billion investment in Scale AI, which brought with it Meta’s hiring of the startup’s founder, Alexandr Wang, and a small group of his top staffers, Meta now plans to hire former GitHub CEO Nat Friedman and his business partner, Daniel Gross, who had been CEO of $32 billion AI startup Safe Superintelligence, CNBC reported this week.
