Scale AI Inc. has nearly doubled its valuation to $13.8 billion after securing $1 billion in new funding, making it a major player in the AI sector. Led by Accel, the funding round saw contributions from Amazon, Meta, AMD, ServiceNow, and Intel. Founded in 2016, Scale AI specializes in data labeling and collaborates with top firms like OpenAI, Microsoft, and the U.S. government.
Microsoft Corporation (NASDAQ: MSFT) kicked off its annual Build developer conference on Tuesday. The three-day event, which started with a keynote from CEO Satya Nadella, is focused on providing developers with in-depth sessions on the latest tools and features for Windows 11 and Microsoft 365. This year, a significant emphasis is on new AI innovations and enhancements.
Barnes & Noble Education (NYSE: BNED) shares rocketed higher on Tuesday, potentially driven by ongoing developments surrounding a potential strategic transaction with the company.