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5d ago

Meta Finalizes $14.8 Billion Scale AI Stake to Fuel New Superintelligence Lab

It folds Scale’s data labeling operations under Alexandr Wang into a new Meta lab to deepen the company’s superintelligence research.

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 is acquiring a 49% stake in Scale AI for $14.8 billion, valuing the data-labeling firm at nearly $30 billion.
  • Scale AI CEO Alexandr Wang will join Meta to lead a newly formed research unit focused on surpassing human-level intelligence.
  • Mark Zuckerberg is offering multi-million-dollar compensation packages to recruit about 50 AI researchers from Google, Sesame AI and other rivals.
  • Scale AI’s global network of over 100,000 contractors supplies crucial data-labeling services for clients including OpenAI, Google and Meta.
  • Clients and workers are weighing the deal’s impact on data access and gig-worker conditions as OpenAI reportedly winds down its partnership.