Meta invests $14.8 billion in Scale AI and recruits its CEOAlexandr Wang will reportedly lead Meta's 'AI Superintelligence' team.
Meta has completed a $14.3 billion investment in Scale AI, valuing the data labeling and AI model evaluation company at $29 billion. As part of this agreement, Scale AI's founder and CEO, Alexandr Wang, will join Meta to lead its "Superintelligence Lab."
Meta has completed a $14.3 billion investment in Scale AI, valuing the data labeling and AI model evaluation company at $29 billion. As part of this agreement, Scale AI's founder and CEO, Alexandr Wang, will join Meta to lead its "Superintelligence Lab."
With this investment, Meta will hold a 49 percent stake in Scale AI but will have limited operational control. The investment structure was designed to avoid regulatory scrutiny. Alexandr Wang will transition from his role as CEO but will remain on Scale's Board of Directors. Jason Droege, the current Chief Strategy Officer, will assume the CEO position.
Meta has completed a $14.3 billion investment in Scale AI, valuing the data labeling and AI model evaluation company at $29 billion.
This investment represents Meta's second-largest financial commitment, following its $19 billion acquisition of WhatsApp. The strategic move aligns with Meta's ongoing efforts to advance artificial intelligence capabilities, as demonstrated by the creation of the Superintelligence Lab.
Based on reporting by www.engadget.com.
