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Investing.com -- Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg recently held acquisition discussions with video startup Runway AI Inc as part of his broader initiative to expand the company’s artificial intelligence capabilities.
The talks with Runway AI, which creates technology for generating realistic video content, did not advance to a formal offer stage and are no longer active, according to Bloomberg, citing people with knowledge of the situation.
This exploration comes amid Zuckerberg’s ongoing efforts to build what he calls a "superintelligence" team by recruiting top AI talent. Meta’s recruitment strategy has included offering high salaries and engaging in potential acquisition discussions with target companies.
Runway AI received a valuation of more than $3 billion earlier in 2024. The startup specializes in AI-powered realistic video generation technology.
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