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JASON DROEGE
$14 billion Meta deal, then massive layoffs? Scale AI cuts 200 roles, 14% of its workforce in stunning moveScale AI layoffs: Scale AI has recently reduced its workforce. The company laid off 200 full-time employees. This decision follows a $14 bi...- Scale AI to cut 14% of staff following Meta investment: ReportScale AI, founded in 2016, has been a key player in training data pipelines for companies like OpenAI, Meta, and the US Department of Defen...
- Scale AI CEO stresses startup’s independence after Meta dealScale AI's new leader, Jason Droege, affirms independence from Meta after a significant investment. Meta will not receive preferential trea...
- Meta-Scale AI deal raises client conflict risk with Google, MicrosoftGoogle and other big tech companies are rethinking their ties with Scale AI. This follows Meta's significant investment in the data-labelin...
- Lenskart gets pre-IPO bump; Amazon’s q-comm entryAsset manager Fidelity has marked up Lenskart’s valuation to $6.1 billion as the eyewear retailer gears up an IPO. This and more in today’s...
- Meta finalises Scale AI deal, valuing startup at $29 billion; recruits its CEO for 'superintelligence' teamMeta has finalised an investment of $14.3 billion in Scale AI, valuing the startup at over $29 billion. Scale CEO Alexandr Wang will join M...
- Early investors await Meta-Scale deal windfall: ReportPeter Thiel’s Founders Fund, Chase Coleman’s Tiger Global, and venture capital firm Accel are among investors expected to gain from the dea...
- Swiggy, Zomato in top gear as ride-hailing companies slow downOnly two food delivery firms in competition now as UberEats, Ola’s Foodpanda cut spends.
- India fastest growing market for UberEatsUberEats has grown seven fold in order volume in the past six months in India where it adds over 4,500 delivery partners each week
- Uber Eats ties up with Cafe Coffee Day to create India's largest virtual restaurant networkAs part of the partnership, Uber Eats will provide CCD with data, analytics and insights around popular food and cuisines.
- Uber Eats and Café Coffee Day enter strategic partnership to launch a multi-brand chain of virtual restaurants in IndiaThe first brand under this model will be launched in November in 10 CCD cafes in Bangalore from over 1700 outlets available nationally.
- Now Hyderabadi biryani is just a tap away, thanks to Uber's new appHyderabad is the seventh city in India where the cab aggregator has started the app UberEATS.
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