Meta reportedly close to acquiring PlayAI

Investing.com -- Meta Platforms Inc (NASDAQ: META). is in advanced discussions to acquire PlayAI, a small Palo Alto-based startup specializing in artificial intelligence voice replication technology, as reported by Bloomberg on Wednesday.

The potential acquisition is part of Meta’s strategy to secure top talent and advance its position in the AI field. According to the report, Meta plans to acquire both PlayAI’s technology and bring some of its employees into the company.

The deal has not been finalized and terms could still change. Financial details of the proposed acquisition are also unknown.

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