Scale AI, Meta and Alexandr Wang
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Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.
Scale co-founder and CEO Alexandr Wang will lead Meta’s new superintelligence unit.
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.
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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.
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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 its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.