Meta, Scale AI
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Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally can last.
Meta is investing $15 billion into Scale, and will hire its CEO Alexandr Wang and key staff for a new 'superintelligence' AI division in Meta. Wang will remain on Scale AI's board, with the company set to “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions.”
Staying in the AI race is crucial for Meta, Google, Amazon and Microsoft, with the technology likely to be the future for the industry.
Meta Platform Chief Executive Mark Zuckerberg’s efforts to shape up the company’s artificial-intelligence ambitions took a step forward with an investment in ScaleAI and the poaching of its founder. Meta’s investment values the data-labeling AI startup at over $29 billion,
Meta Platforms is reportedly considering a more than $10 billion investment in artificial intelligence startup Scale AI. The deal is still in talks and could potentially change, Bloomberg News reported on Sunday, citing “people familiar with the matter.”