Overview
- Meta completed its $14.3 billion investment in Scale AI, acquiring a 49% stake that values the startup at $29 billion.
- Scale AI CEO Alexandr Wang will join Meta to lead its newly formed superintelligence team, underscoring the talent-driven nature of the deal.
- Google, Microsoft, and Elon Musk’s xAI are ending or scaling back data-labeling agreements with Scale AI amid concerns that rival Meta could gain access to proprietary training data.
- OpenAI’s CFO stated that OpenAI will continue working with Scale AI to maintain a diverse vendor ecosystem despite competitive pressures.
- Competitors such as Labelbox and Turing are reporting surges in client demand as AI developers seek neutral data-labeling partners, and regulators are signaling scrutiny of Meta’s minority acquisition.