Meta (META.US) acquires PlayAI, a speech recognition startup, to strengthen its position in the AI field.

14/07/2025

Meta (META.US) acquired the startup company PlayAI that is focused on artificial intelligence (AI) speech technology.

Meta (META.US) has acquired the startup company PlayAI, which specializes in artificial intelligence (AI) speech technology. A spokesperson for Meta confirmed the acquisition. According to an internal memo, the entire PlayAI team will join Meta next week. The memo from Meta states that PlayAI's achievements in creating natural speech and providing a simple speech generation platform align well with Meta's work and roadmap in AI avatars, Meta AI, wearable devices, and audio content creation. Meta has been making significant investments in the AI field, including actively recruiting talent from OpenAI and partnering with Scale AI, whose CEO Alexandr Wang has joined Meta to lead a new team focused on superintelligence. The financial terms of this acquisition have not been disclosed.

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US Stock Market Move | Joby Aviation (JOBY.US) plans to double the production capacity of its California factory. Its stock has continued to rise by nearly 14%, soaring 95% so far this year.

US Stock Market Move | The new 36-qubit system has reached its mid-year goal. Rigetti Computing (RGTI.US) surged over 16%.

DMALL (02586) plans to offer an approximately 10% discount on the first old and then new allocation of 35.4 million shares, with a net amount of approximately HK$389 million raised.