Scale AI confirms 'significant' investment from Meta
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Mark Zuckerberg's biggest bet on Meta AI will ride on the back of a fellow dropout who has dazzled Silicon Valley over the last decade.
Scale AI plans to use the proceeds from Meta's investment to drive innovation and deepen relationships with key customers.
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Amazon S3 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.
Meta is investing heavily in Scale AI, valuing the startup at over $29 billion, to accelerate its AI ambitions. This move brings Scale AI's 28-year-old CEO, Alexandr Wang, to the forefront of Meta's new research lab focused on creating artificial superintelligence.
Alexandr Wang finds himself at the centre of a potential $15 billion shake-up as Meta looks to regain its competitive edge. But is artificial superintelligence the answer?
Meta has reportedly invested billions of dollars into AI startup Scale AI and hired its CEO, Alexandr Wang, to lead a new AI research lab. So what does that mean for Meta and the rest of the AI ecosystem?
Transformer on MSN2h
Can Alexandr Wang save Meta?As part of the deal, Alexandr Wang is leaving Scale for Meta, where he’ll work on a new “superintelligence” team (presumably in a leadership role). This isn’t a typical acquihire: only “around four Scale employees” are expected to join Meta,
Wang is the CEO of Scale AI, a data company that works with giant AI leaders like Meta and OpenAI. And Meta just spent about $15 billion to buy a 49% stake in Scale AI. Meta confi