Scale AI confirms 'significant' investment from Meta
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By Jody Godoy (Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals,
Meta agreed to pay $14.8 billion for a 49 percent stake in the AI data firm Scale AI, which will give the company access to talent and data services.
The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.
Meta is reportedly investing billions in Scale AI and bringing its CEO Alexandr Wang onboard to lead a new AI team. Is that enough?
As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.
OpenAI said it will continue working with Scale AI after Meta Platforms Inc. made a multibillion-dollar investment in the startup, as it seeks to maintain a broad ecosystem of data sources.