Meta Beefs up Disappointing AI Division with $15 Billion Scale AI Investment

Meta beefs up disappointing AI division with $15 billion Scale AI investment

Meta has invested $15 billion into data-labeling startup Scale AI and hired its co-founder, Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29 billion, double its valuation last year. Scale said it would “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions,” without giving further details. Scale helps companies …

Here’s What You Need to Know About the Blockbuster Meta-Scale AI Deal

Scale co-founder and CEO Alexandr Wang will lead Meta’s new superintelligence unit.

Meta takes $15 billion stake in Scale AI

Meta to scale AI efforts up with $14.3 billion investment, hires this 28-year-old CEO to run the show

Meta Invests $14.3 Bn in Scale AI, Taps Alexandr Wang for ‘Superintelligence’ Unit

Meta Platforms has finalized a massive $14.3 billion investment in Scale AI, acquiring a 49% stake in the data-labeling startup. This deal values Scale AI at $29 billion, making it one of Meta’s largest investments, second only to its WhatsApp acquisition. A key aspect of this move is the recruitment of Scale AI’s CEO, Alexandr Wang, who will join Meta’s newly established "superintelligence" unit. This lab is focused on advancing artificial gene…