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.

Meta lures 28-year-old Scale AI CEO Alexandr Wang to lead new superintelligence unit after a $14.3B investment in his company

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

Scale CEO and co-founder Alexandr Wang will lead Meta's new "Superintelligence" division following the deal The post Meta Invests $14.3 Billion in Scale AI as Zuckerberg Builds New Artificial Intelligence Team appeared first on TheWrap.

Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role in the Facebook owner's AI strategy.

Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Mark Zuckerberg is building the new AI team in tandem with a reported investment of over $10 billion in Scale AI.

Meta is investing $14.3 billion in Scale AI, acquiring a 49% stake, and valuing the company at $29 billion. Scale AI's co-founder, Alexandr Wang, will join Meta to lead its superintelligence unit, marking a significant shift in Meta's AI strategy.