Scale AI CEO Leaving After $14B Deal with Meta

New details emerge on Meta’s $14.3B deal for Scale

Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue as shareholders. Meta is also hiring Scale’s famed founder CEO Alexandr Wang, who famou…

Scale AI CEO Alexandr Wang Leaves to Join Meta Following $14.3B Deal

Meta recruits Scale AI’s Alexandr Wang in a $14.3 billion deal to lead a 50-person team focused on building artificial superintelligence.

Alexandr Wang leaves Scale AI to join Meta in $14.3B deal and lead Zuckerberg’s AI ambitions - Tech Startups

Alexandr Wang, founder and CEO of Scale AI, is stepping down to join Meta, confirming rumors that had been swirling all week. In a memo to employees on Thursday, Wang said he’s leaving the company he built to take on […] The post Alexandr Wang leaves Scale AI to join Meta in $14.3B deal and lead Zuckerberg’s AI ambitions first appeared on Tech Startups.

Scale AI CEO leaving after $14B deal with Meta

Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

Meta invests $14.8 billion in Scale AI and recruits its CEO

Meta has finalized its $14.3 billion investment in Scale AI. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta and will reportedly lead its new "Superintelligence lab."

Meta Could Spend Majority Of Its AI Budget On Scale As Part Of $14 Billion Deal

Forbes has learned the deal includes a provision to establish a 5-year commercial agreement in the hundreds of millions annually.