Meta, Scale AI and superintelligence
Digest more
Top News
Overview
Impacts
1h
Benzinga on MSNMeta Takes 49% Stake in Scale AI for $14.3B, Brings CEO Wang to Lead Superintelligence UnitMeta has acquired a 49% stake in Scale AI for $14.3 billion, valuing the data-labeling firm at $29 billion, according to Reuters. The deal brings Scale CEO Alexandr Wang aboard to lead Meta’s new superintelligence division.
Scale AI plans to use the proceeds from Meta's investment to drive innovation and deepen relationships with key customers.
Meta is paying $14.3 billion to buy 49-percent of Scale AI and hire its CEO, Alexandr Wang, to reboot its troubled AI efforts.