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3w ago

Meta Completes $14.3 Billion Deal to Acquire 49% of Scale AI and Appoint CEO to Lead Superintelligence Lab

Scale AI will remain independent under interim leadership, bolstering Meta’s intensified push to outpace OpenAI and Google in advanced AI development.

Meta logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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FILE: CEO of Scale AI Alexandr Wang testifies during a hearing about artificial intelligence on Capitol Hill on July 18, 2023, in Washington, DC.
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Overview

  • Meta has finalized its $14.3 billion investment for a 49 percent stake in Scale AI, valuing the data-labeling firm at $29 billion.
  • Scale AI founder Alexandr Wang is joining Meta to head a newly formed Superintelligence lab, reporting directly to Mark Zuckerberg.
  • Scale AI will continue operating independently under interim CEO Jason Droege, who steps in after Wang’s departure.
  • The minority stake deal grants Meta no board control and is structured to minimize additional regulatory scrutiny.
  • Scale AI provides essential data-labeling services to major AI labs including OpenAI, Google and Meta, giving Meta direct access to a critical resource.