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Meta’s big AI bet and our not-so-hot-take on fintech IPOs

Meta just made a $14.3 billion bet on data-labeling company Scale AI () , but it’s not a traditional takeover: Meta’s taking a 49% stake in the company and adding Scale’s co-founder Alexandr Wang to its team. Today on Equity, we break down what this means for Meta’s AI ambitions and revisit Wang’s early AI…

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Meta just made a $14.3 billion bet on data-labeling company Scale AI () , but it’s not a traditional takeover: Meta’s taking a 49% stake in the company and adding Scale’s co-founder Alexandr Wang to its team.

Today on Equity, we break down what this means for Meta’s AI ambitions and revisit Wang’s early AI predictions.

Listen to the full episode to hear more highlights from the week, including:

•

How Chime’s IPO () priced above expectations at $27 per share and jumped in early trading, and Anthony’s not-so-hot takes on what this signals for the tech IPO market

•

Why Y Combinator’s Demo Day () was packed with “agentic” AI startups building autonomous software, and how a recent chat with Fiverr’s CEO () sheds light on AI-driven task automation in the gig economy

•

How Jony Ive’s LoveFrom spent 18 months () quietly collaborating with Rivian on their first electric bike, a spinout product confirmed to have a bike-like form factor

Equity will be back next week, so stay tuned!

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

Subscribe to us on Apple Podcasts () , Overcast () , Spotify () and all the casts. You also can follow Equity on X () and Threads () , at @EquityPod. 

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. We’d also like to thank TechCrunch’s audience development team. Thank you so much for listening, and we’ll talk to you next time.

Learn more about your ad choices. Visit megaphone.fm/adchoices ()

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2 Comments

2 Comments

  1. @OfficialDanielSilvas

    June 13, 2025 at 1:30 pm

    I think Meta is kinda late to the AI game, and I hope Meta does not relinquish safety in favor of progress to catch up to the other ai players 🙏

    Reply

    • @PolitikKompaktDE

      June 16, 2025 at 8:47 am

      Meta has collected the most information and data across the world. So how can they be late. They started earlier than anyone else just by doing this one step😅

      Reply

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CNET

Were You Impressed by Google’s New Pixel Devices? Tech Editors React to Made by Google 2026

Our top mobile and health tech editors from PCMag, CNET and ZDNET share their thoughts on Google’s Made by Google Pixel event hosted by Trevor Noah. What were the coolest features on the new Pixel devices, and what felt like a dud? Read more about the Made by Google event on CNET.com: Made by Google…

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Our top mobile and health tech editors from PCMag, CNET and ZDNET share their thoughts on Google’s Made by Google Pixel event hosted by Trevor Noah. What were the coolest features on the new Pixel devices, and what felt like a dud?

Read more about the Made by Google event on CNET.com:
Made by Google 2026: Pixel 11 Event Date, Time, How to Watch and What to Expect

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CNET

Everything Revealed at Made by Google 2026 in Less Than 12 Minutes

Google revealed its new lineup of Pixel 11 Phones, Pixel Buds Pro, the Pixel Watch 5 and the new Pixel Tag at its Made by Google event, hosted by Trevor Noah. Check out all the highlights and product reveals in less than 12 minutes. You can find the products mentioned in this article linked below…

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Google revealed its new lineup of Pixel 11 Phones, Pixel Buds Pro, the Pixel Watch 5 and the new Pixel Tag at its Made by Google event, hosted by Trevor Noah. Check out all the highlights and product reveals in less than 12 minutes.

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Science & Technology

What You Tell AI Could Show Up in Court

Use a lawyer that uses AI, do not use AI as your lawyer. Chat GPT and Claude don’t have attorney-client privilege so whatever you ask can (and likely will) be discovered if you go to litigation. Startup lawyer Kristina Subbotina joined us on our Build Mode podcast to talk about how she built Lexsy, an…

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Use a lawyer that uses AI, do not use AI as your lawyer. Chat GPT and Claude don’t have attorney-client privilege so whatever you ask can (and likely will) be discovered if you go to litigation.

Startup lawyer Kristina Subbotina joined us on our Build Mode podcast to talk about how she built Lexsy, an AI tool that keeps human lawyers in the loop.

Watch the full episode here:

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