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3mo ago

Meta Finalizes $14.8 Billion Scale AI Investment, Wang to Head Superintelligence Effort

With a 49% nonvoting stake secured through a $14.8 billion investment, Meta has prompted major AI developers to reconsider their data-labeling partnerships.

Morning commute traffic streams past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva/File Photo
People walk next to a Google logo during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, February 10, 2025. REUTERS/Gonzalo Fuentes/File photo
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Overview

  • Meta’s $14.8 billion investment grants it a 49% nonvoting stake in Scale AI and values the startup at more than $29 billion.
  • Alexandr Wang will join Meta to lead its new superintelligence lab while retaining a seat on Scale AI’s board.
  • Jason Droege, formerly Scale AI’s chief strategy officer, will serve as interim CEO to oversee the company’s operations.
  • Major clients including Google and Microsoft are shifting away from Scale AI over concerns about sharing proprietary data with a competitor-owned vendor.
  • Scale AI maintains that its diversified portfolio of government and enterprise contracts will help sustain growth despite client departures.