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Meta invests $14 billion in Scale to catch up in the AI race

Meta is paying $14.3 billion to acquire 49 percent of Scale AI and hire its CEO, Alexandr Wang, to revamp its troubled AI efforts. As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg and remain on Scale’s board of directors, both companies announced on Thursday. …

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Larry Ellison gains $26 billion, becomes world’s second richest person

Defiance ETFs CEO and CIO Sylvia Jablonski argues the stock market’s ‘tariff scare’ was a buying opportunity on ‘Making Money.’  Oracle co-founder Larry Ellison added $26 billion to his net worth on Thursday. His already-massive personal fortune reached $243 billion on Thursday thanks to the $26 billion jump, according to Forbes.  …

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