Overview

• Meta finalized its strategic partnership by paying $14.3 billion for a nearly 50% stake in Scale AI, valuing the company at about $29 billion.
• Founder Alexandr Wang will take charge of Meta’s new superintelligence lab, stepping down as Scale AI CEO while remaining on its board.
• Jason Droege, Scale AI’s chief strategy officer, has been named interim CEO to oversee daily operations under the new partnership.
• Under the deal, Meta will allocate at least $450 million annually for five years to purchase Scale AI’s data-labeling and AI products.
• Competitors including Google and OpenAI have begun reassessing their engagements with Scale AI in response to Meta’s deepening involvement.