Meta, AI and Scale
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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 is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant.
Scale co-founder and CEO Alexandr Wang will lead Meta’s new superintelligence unit.
Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,” leaving the startup that made him rich after dropping out of MIT. Alexandr Wang’s Scale AI just inked a $14.
Technology Technology The Big Story Meta invests in Scale AI, taps CEO for ‘superintelligence’ push Meta, the parent company of Facebook and Instagram, is investing a
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.
Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.
Meta’s investment is the latest attempt by chief executive Mark Zuckerberg to give his $1.8 trillion social media company an edge in the race to develop more powerful AI models. Zuckerberg has been trying to poach top researchers and engineers from rival groups as he seeks to build out a new “superintelligence” team.
Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.