Meta has just announced a $14.3 billion investment in Scale AI, valuing the data-labeling startup at $29 billion. The agreement will also significantly expand Scale and Meta’s commercial relationship to accelerate the deployment of Scale’s data solutions.
As part of the deal, Meta has brought Scale’s 28-year-old CEO, Alexandr Wang, onto its team to lead Meta’s superintelligence efforts. Wang will continue to serve as a director on the Scale Board of Directors and support Scale’s ongoing work.
Scale’s Chief Strategy Officer, Jason Droege, will serve as the company’s interim CEO.
Wang informed investors, “Scale bridges the gap between human values and technology to help our customers realize AI’s full potential. Meta’s investment recognizes Scale’s accomplishments to date and reaffirms that our path forward – like that of AI – is limitless.”
Meta stated, “We will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts.”
By recruiting Wang, Meta CEO Mark Zuckerberg is betting that a seasoned business leader, like OpenAI’s Sam Altman, can revitalize Meta’s AI efforts.
By CEO NA Editorial Staff
